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On the 4-hour chart, the downward trend continues. After losing the upward momentum from the 1.221 level, GBPUSD has continued its decline. With the market appearing to be unfavorable and the tightening of Fed policies, GU has depreciated.
The next target for further decline is seen at the 1.2000 level, which is a strong psychological barrier. Significant stop-loss levels will accumulate below this number, and if triggered, the downward slide could accelerate towards the 1.1900 level.
On the 4-hour chart, the downward trend continues. After losing the upward momentum from the 1.221 level, GBPUSD has continued its decline. With the market appearing to be unfavorable and the tightening of Fed policies, GU has depreciated.
The next target for further decline is seen at the 1.2000 level, which is a strong psychological barrier. Significant stop-loss levels will accumulate below this number, and if triggered, the downward slide could accelerate towards the 1.1900 level.
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GU has reached resistance, transactions continue to be openedTrade active
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.