GBP/USD May fall 100+ pips
Insight - Price has broken out of trend line but trend is still moving downwards continuing to test
Resistance at 1.1808 support at 1.1434.
Intraday - 4H
Trade: Sell
Entry: 1.1344
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
Alternative scenario:
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2039
Pivot and Support 1.1434
Insight - Price has broken out of trend line but trend is still moving downwards continuing to test
Resistance at 1.1808 support at 1.1434.
Intraday - 4H
Trade: Sell
Entry: 1.1344
Sell or Below 1.1434
Target TP: 1.1296 & 1.1133
Alternative scenario:
Trade: Buy
Buy or Above: 1.1434
Target TP: 1.1808 & 1.2039
Pivot and Support 1.1434
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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.