My Chart idea.
We had a great chart but i was late it meets all the criteria.GBP/USD drops 0.34%, reaching a low of 1.2981 after soft UK inflation report shocks markets.
A close below 1.3000 could lead the pair to test the 100-DMA at 1.2951 and further support levels.
If bulls regain control, resistance at 1.3100 and the 50-DMA at 1.3118 are key upside targets.
A close below 1.3000 could lead the pair to test the 100-DMA at 1.2951 and further support levels.
If bulls regain control, resistance at 1.3100 and the 50-DMA at 1.3118 are key upside targets.
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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.