As stated in the last analysis, we anticipated GBPUSD to temporarily correct upwards 1.4509-1.4554 and price did hit the target, making new highs at 1.4580.
However, a gap is visible from 4 hours time frame to lower period. Hence, we believe that cable is soon to resume its downward trend which may temporarily go down at around 1.4170-1.4180.
However, a gap is visible from 4 hours time frame to lower period. Hence, we believe that cable is soon to resume its downward trend which may temporarily go down at around 1.4170-1.4180.
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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.