GBPUSD looking bearish for this week.
Reference from last idea post:
Price has created breakout to the downside.
Will be looking for sell entries when price pulls back, looking at zone 1.27038 - 1.27220 (Grey Box) about 20 pips zone. That will be my point of interest.
Price will likely go downwards towards Daily support area at 1.25913.
After which price will need to break out the Daily support if price continues bearish, towards Weekly support level at 1.25245.
Price has been moving bearish ever since it was not able to breakout the Monthly resistance at 1.28361 (Orange Line). From this point price has been pushing down since last week.
Price has created breakout to the downside.
Will be looking for sell entries when price pulls back, looking at zone 1.27038 - 1.27220 (Grey Box) about 20 pips zone. That will be my point of interest.
Price will likely go downwards towards Daily support area at 1.25913.
After which price will need to break out the Daily support if price continues bearish, towards Weekly support level at 1.25245.
Price has been moving bearish ever since it was not able to breakout the Monthly resistance at 1.28361 (Orange Line). From this point price has been pushing down since last week.
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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.