With recent correction nearing 1.3300, GBPUSD might be heading back to the target region displayed in red.
Technical aspects:
Technical aspects:
1- Most recent lower trendline broken on H4 Timeframe
2- Harami on Daily timeframe 23rd March 2022
3- Inverted cup and handle on H1 timeframe
These technical aspects are sufficient evidence for Cable to be heading lower today towards 1.30xx.
Best of Luck, Ensure proper risk management, Happy trading :)
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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.