GBP/USD
Sell Limit at 1.2680
The pair is in a clear downtrend, with resistance around 1.2700 and support near 1.2600.
Selling near the resistance zone (1.2680) aligns with the current bearish momentum, targeting a move back toward the support level (1.2600).
If the price does not retrace to the resistance and breaks the 1.2600 support, a Sell Stop can be used below 1.2580 to follow the bearish breakout.
Sell Limit at 1.2680
The pair is in a clear downtrend, with resistance around 1.2700 and support near 1.2600.
Selling near the resistance zone (1.2680) aligns with the current bearish momentum, targeting a move back toward the support level (1.2600).
If the price does not retrace to the resistance and breaks the 1.2600 support, a Sell Stop can be used below 1.2580 to follow the bearish breakout.
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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.