GBPUSD is forming a downward price exit from the ascending price channel. The trading session opens with a slight decline in the currency pair by 0.70% to 1.1318
In terms of technical analysis, we see a price exit from the formal ascending price channel, the weak boundaries may speak of the multi-valued further direction. The price is currently trading in a sideways range between 1.14900-1.09300. the price rests on the limit zone 1.14500-1.14900 and consolidates under the resistance zone, which may open further potential for a fall towards support
I assume that since the price is fixed under the previously broken line, which indicates a bearish market sentiment, then in the short and medium term, there may be a fall, I remind you that the global trend - bearish
Regards R.Linda!
In terms of technical analysis, we see a price exit from the formal ascending price channel, the weak boundaries may speak of the multi-valued further direction. The price is currently trading in a sideways range between 1.14900-1.09300. the price rests on the limit zone 1.14500-1.14900 and consolidates under the resistance zone, which may open further potential for a fall towards support
I assume that since the price is fixed under the previously broken line, which indicates a bearish market sentiment, then in the short and medium term, there may be a fall, I remind you that the global trend - bearish
- Short term target - support at 1.11000
- Medium-term target - liquidity area 1.09310
Regards R.Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.