GBP/USD technical analysis next move possible
This chart is a 1-hour (1h) trading chart for the British Pound (GBP) against the U.S. Dollar (USD) on FXCM, published on TradingView. Here’s what it indicates:
1. Key Price Levels:
The current price is 1.26502, showing a slight decrease (-0.14%).
The purple box represents a resistance zone where the price has struggled to break higher.
A red horizontal line at 1.25084 marks a lower support level.
2. Technical Analysis:
The chart shows a potential bearish movement (price going down).
The blue arrows and patterns indicate a possible price rejection from the resistance zone, leading to a drop.
The short-term price action suggests
1. Key Price Levels:
The current price is 1.26502, showing a slight decrease (-0.14%).
The purple box represents a resistance zone where the price has struggled to break higher.
A red horizontal line at 1.25084 marks a lower support level.
2. Technical Analysis:
The chart shows a potential bearish movement (price going down).
The blue arrows and patterns indicate a possible price rejection from the resistance zone, leading to a drop.
The short-term price action suggests
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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.
😎Free Free BTC/GOLD
🔰2/3 Trading Strong Signals daily
🔰99% Winning Accuracy 💯💯
🔰24/7 Help & Support 🤝join here 👇👇
t.me/Thegoldpipskiller
🔰2/3 Trading Strong Signals daily
🔰99% Winning Accuracy 💯💯
🔰24/7 Help & Support 🤝join here 👇👇
t.me/Thegoldpipskiller
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.