DISCLAIMER - This analysis does not warrant any immediate buy and sell. Every trader should do their analysis themselves and have proper risk management executed perfectly in accordance with their trading plan.
Guides:
Red - Resistance Trend Lines
Green - Support Trend Lines
Price had a pullback in 1h timeframe indicating a possible continuous play of selling. The next target would possibly be in the 1.36721 area. Also, the price is below 4 trend lines, strengthening sellers' dominance in the market. The EURUSD, which is positively correlated in GBPUSD, also indicates a possible downplay.
Guides:
Red - Resistance Trend Lines
Green - Support Trend Lines
Price had a pullback in 1h timeframe indicating a possible continuous play of selling. The next target would possibly be in the 1.36721 area. Also, the price is below 4 trend lines, strengthening sellers' dominance in the market. The EURUSD, which is positively correlated in GBPUSD, also indicates a possible downplay.
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.
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.