GBPUSD has been showing a downward trend on the daily.
Currently a pullback provides opportunity for a swing back in the direction of the trend (Short opportunity). See reasons below:
1) Overall Downtrend
2) Price has reacted back towards a downtrend from a previous resistance level
3) Price action shows a good chance for a further downward swing towards next key level of support at 1.18145
Happy Hunting!
Currently a pullback provides opportunity for a swing back in the direction of the trend (Short opportunity). See reasons below:
1) Overall Downtrend
2) Price has reacted back towards a downtrend from a previous resistance level
3) Price action shows a good chance for a further downward swing towards next key level of support at 1.18145
Happy Hunting!
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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.