GBPUSD 2500//2540 BEAR TERRITORY
GBPUSD H4 chart review. Strong channel, BUT.
True test will come near 2500//2540.
Significantly overbought, at least expecting a pullback to re-test mid line.
However, possible downside extension near 2200 also a valid option.
Keep your eyes open. This market could make a major reversal soon.
True test will come near 2500//2540.
Significantly overbought, at least expecting a pullback to re-test mid line.
However, possible downside extension near 2200 also a valid option.
Keep your eyes open. This market could make a major reversal soon.
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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.