Wish you a wonderful day, this is Karina Bella!
As we close out the week, GBP/USD has revealed a short-term bearish trend after breaking out of its previous rising wedge and turning a former support level into a key resistance zone.
Looking ahead, if sellers defend this resistance area, we should consider selling opportunities. Pay close attention to the 1.2910 support level, as it could either provide momentum for a bounce or break lower, opening the path to deeper targets in a favorable scenario.
Wishing you successful trades and profitable opportunities!
As we close out the week, GBP/USD has revealed a short-term bearish trend after breaking out of its previous rising wedge and turning a former support level into a key resistance zone.
Looking ahead, if sellers defend this resistance area, we should consider selling opportunities. Pay close attention to the 1.2910 support level, as it could either provide momentum for a bounce or break lower, opening the path to deeper targets in a favorable scenario.
Wishing you successful trades and profitable opportunities!
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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.