GBPUSD is trading within a broad ascending channel, but recent price action indicates weakening bullish momentum. The pair has just completed a rejection from the upper boundary of this channel. If price retests and respects the 1.359–1.36 broken structure, traders may look for short opportunities with downside targets near 1.348 and potentially beyond.
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gbpusd, Don't initiate any sell trade, strong pullback, we are going to wait next week
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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.