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British Pound / U.S. Dollar

GBPUSD idea invalidation (idea correction)

100
News pushed the price through the resistance level. Expect a potential retest of around this level (1.28214). If resistance becomes support, the price may continue in the direction of the current prevailing trend. However, if the price breaks this support level with momentum, it may reverse. In that case, we'll wait for a retest of support now become resistance (again), and confirm the reversal by new lower high or lower low.
Forexity
daytradingforeignexchangeForexGBPUSDintradayPivot Pointspriceactionsupport-and-resistanceSupport and ResistanceTechnical AnalysistrendTrend Analysis

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daytradingforeignexchangeForexGBPUSDintradayPivot Pointspriceactionsupport-and-resistanceSupport and ResistanceTechnical AnalysistrendTrend Analysis
Forexity

Related publications

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.