GBP/USD: IDEA
Here is an analysis on GBP/USD
Currently @ 1.38700
We expect the pair to continue to fall back to support/resistance @ 1.38300
If the pair treats this level as support again it will go back to 1.39
But if it fails and breaks below this it will go back to 1.37 & test support @ 1.36700
Formation of a bullish harmonic spotted on the 4H chart do note that this will only be possible
if the pair trades below 1.38500
Keep an eye on DXY & US10Y
link to our previous analysis below
Currently @ 1.38700
We expect the pair to continue to fall back to support/resistance @ 1.38300
If the pair treats this level as support again it will go back to 1.39
But if it fails and breaks below this it will go back to 1.37 & test support @ 1.36700
Formation of a bullish harmonic spotted on the 4H chart do note that this will only be possible
if the pair trades below 1.38500
Keep an eye on DXY & US10Y
link to our previous analysis below
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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.
Related publications
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.