GBPUSD forms a retest of the trend support, and on D1 the price is testing a key area. Most likely from the support area the price can form a significant bounce.
TA on the high timeframe:
1) False break of support 0.236 Fibo is formed
2) On H4 the price also tests the key liquidity area.
TA on the low timeframe:
1) The pound is testing uptrend support. Consolidation is forming.
2) There is consolidation near the local level 1.27370, which may help to overcome resistance and continue growth.
3) The trend is ascending; a rebound from the support may form a strong rally
Key support📉: 1.26989
Key resistance📈: 1.28000
TA on the high timeframe:
1) False break of support 0.236 Fibo is formed
2) On H4 the price also tests the key liquidity area.
TA on the low timeframe:
1) The pound is testing uptrend support. Consolidation is forming.
2) There is consolidation near the local level 1.27370, which may help to overcome resistance and continue growth.
3) The trend is ascending; a rebound from the support may form a strong rally
Key support📉: 1.26989
Key resistance📈: 1.28000
Note
❤️ Telegram channel: t.me/AndeWave
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.
❤️ Telegram channel: t.me/AndeWave
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.