Analysis on GBPUSD showing more bearish Pressure.
The pound / dollar instrument continues to build a new downward trend. I recommend continuing to sell the instrument with targets near the level of 1.2764, which corresponds to the Fibonacci level of 50.0%. On the contrary, an unsuccessful attempt to break through the 38.2% Fibonacci level may lead to a small departure of quotes from the lows reached.
Bias: SELL at current PRICE 1.29800 SL 1.30690 TP 1.29016
The pound / dollar instrument continues to build a new downward trend. I recommend continuing to sell the instrument with targets near the level of 1.2764, which corresponds to the Fibonacci level of 50.0%. On the contrary, an unsuccessful attempt to break through the 38.2% Fibonacci level may lead to a small departure of quotes from the lows reached.
Bias: SELL at current PRICE 1.29800 SL 1.30690 TP 1.29016
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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.
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.