GBP/USD – Breach of 1.29 likely
Pair’s retreat from the descending trend line hurdle followed by a bearish break below rising trend line suggests the pair could breach key support area around 1.2940, in which case the spot could be offered to 1.2865 (Aug 15 low).
On the higher side, only a daily close above 1.3032 (Descending trend line) hurdle would suggests bearish invalidation.
On the higher side, only a daily close above 1.3032 (Descending trend line) hurdle would suggests bearish invalidation.
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.