Analysing GBPUSD price action from yesterday we saw GBPUSD break below 1.36737 and the bearish pressure continued to rally towards 1.35620. If GBPUSD hold below our resistance zone further downside price action should expected. The anticipation is that price will make a correction towards and target levels being:
Sell levels 1.36887 - 1.36740
Targets levels 1.36232 - 1.36232
Sell levels 1.36887 - 1.36740
Targets levels 1.36232 - 1.36232
Trade active
Price smashed below 1.36737 as called. Now, we’ve got a clean rejection at our sell zone. If GBPUSD stays locked under the resistance zone, the Bias is still intact.Trade closed: target reached
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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.