GBPUSD Analysis
I don’t see any reason for an upside move here.
Price is expected to continue lower.
Bearish targets:
• 1.3226
• 1.3180
• 1.3153
Only a breakout and hold above 1.3293 will invalidate this analysis.
I don’t see any reason for an upside move here.
Price is expected to continue lower.
Bearish targets:
• 1.3226
• 1.3180
• 1.3153
Only a breakout and hold above 1.3293 will invalidate this analysis.
Trade active
Due to the downgrade of the U.S. economic rating and continued dollar weakness, our clear invalidation level was broken early this week, shifting the market direction to bullish.Next upside targets are:
1.3645
1.3800
Despite the strong GBP and weak USD, this current area is not ideal for new entries—it’s more of a momentum zone, not a strategic trade level.
Having a strong analysis with precise levels helps to understand the market better. Well-defined invalidation levels give deeper meaning to breakouts and allow confident entries in the opposite direction of the original bias when needed.
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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.
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.