GBP/USD: Struggles at Resistance, Risks of Weak Oscillation Pers
During the European session on Tuesday, GBP/USD held steady above 1.29000. However, the technical outlook maintained a bearish bias. The US dollar strengthened due to upbeat data, suppressing the rebound of the British pound. The exchange rate faced resistance at key resistance levels when attempting to rise.
If it fails to break through these resistance levels, in the short term, it may continue the weak, oscillatory downward trend, and the downside risks still remain. The market lacks strong momentum, and overall, it stays in a weak, oscillatory pattern.
GBPUSD
sell@1.29600-1.29900
tp:1.28800
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
If it fails to break through these resistance levels, in the short term, it may continue the weak, oscillatory downward trend, and the downside risks still remain. The market lacks strong momentum, and overall, it stays in a weak, oscillatory pattern.
GBPUSD
sell@1.29600-1.29900
tp:1.28800
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
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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.
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+IFqHodtrHds0MDk0
t.me/+IFqHodtrHds0MDk0
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.