GBP/USD Sell Opportunity: Breaks Below The Trendline Support.
Hello GBP/USD traders, welcome back again. GBP/USD has closed its candle below the trendline support that has created chances to test one more time 1.3200 price zone.
Last week BoE delivered a dovish statement, and Russia-Ukraine issues have created high demands of the safe-haven USD one more time.
After breaking below the 1.3490 price zone yesterday, it confirms its downtrend again. So, as long as GBP/USD is below the trendline support zone, we will see more selling pressure on GBP/USD.
1.34/40/1.3490 is identified as a selling zone for the current circumstance. Stop-loss should be above its trendline resistance and swing high zone of 1.3645 price zone. Our target zone to the downside is the 1.3200/1.3180 price zone.
Last week BoE delivered a dovish statement, and Russia-Ukraine issues have created high demands of the safe-haven USD one more time.
After breaking below the 1.3490 price zone yesterday, it confirms its downtrend again. So, as long as GBP/USD is below the trendline support zone, we will see more selling pressure on GBP/USD.
1.34/40/1.3490 is identified as a selling zone for the current circumstance. Stop-loss should be above its trendline resistance and swing high zone of 1.3645 price zone. Our target zone to the downside is the 1.3200/1.3180 price zone.
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