GBPUSD has reversed aggressively from 1.4000 resistance.
I pointed this out last week.
Given the intensity of this pullback from 1.4000, the future direction of GBPUSD is difficult to determine.
That said, there is a key level just below 1.3800 for next week.
If that fails, we could see GBPUSD test the May 2020 trend line near 1.3800.
A close below that would open up lower levels, such as 1.3670 and perhaps 1.3460.
I pointed this out last week.
Given the intensity of this pullback from 1.4000, the future direction of GBPUSD is difficult to determine.
That said, there is a key level just below 1.3800 for next week.
If that fails, we could see GBPUSD test the May 2020 trend line near 1.3800.
A close below that would open up lower levels, such as 1.3670 and perhaps 1.3460.
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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.