GBPUSD - Heading downwards to a recent Support
Updated
GBPUSD is in a downtrend since last few sessions on 4H chart.
I see that it might go further down towards 1.3250 levels before it either bounce back up or moves further downward.
My thought is that short-term traders can sell it and exit around 1.3250 before planning the next move.
I see that it might go further down towards 1.3250 levels before it either bounce back up or moves further downward.
My thought is that short-term traders can sell it and exit around 1.3250 before planning the next move.
Trade active
As mentioned, GBPUSD has reached the 1.3250 level and now trading alongside the support level. I would wait for a move to happen on either of the sides before opening a new position.
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