GBPUSD is in a downtrend in the short term with Weekly, Daily and 4H charts technical picture favoring the continuation of the move lower.
Strategy:
SELL at current levels and at any advance towards 1.3145-60
STOP LOSS above 1.3205
TP: 1.3085 or 1.3055-60
MULTITIME FRAME TECHNICAL PICTURE AND ANALYSIS
Weekly: Reversal Weekly Bar at double channel top
Daily: Reversal Patterns and RSI Double top
4H: H&S pattern pointing lower
Strategy:
SELL at current levels and at any advance towards 1.3145-60
STOP LOSS above 1.3205
TP: 1.3085 or 1.3055-60
MULTITIME FRAME TECHNICAL PICTURE AND ANALYSIS
Weekly: Reversal Weekly Bar at double channel top
Daily: Reversal Patterns and RSI Double top
4H: H&S pattern pointing lower
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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.
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.