The GBPUSD is currently unable to test the resistance formed by the previous high and the price is pushing away from the local descending resistance line. What's next?
The currency pair forms a false breakout of the resistance area at 1.22700 and returns to the range. I expect in the near future techno-bounce for the retest of resistance before the further falling.
I think the pound will finish Friday with the slight decline to 1.21500.
I assume that the price can go down from the resistance level against the strengthening dollar. Short-term target for gbpusd is 1.21500, the mid-term target is the support of 1.20500.
Regards R.Linda!
The currency pair forms a false breakout of the resistance area at 1.22700 and returns to the range. I expect in the near future techno-bounce for the retest of resistance before the further falling.
I think the pound will finish Friday with the slight decline to 1.21500.
I assume that the price can go down from the resistance level against the strengthening dollar. Short-term target for gbpusd is 1.21500, the mid-term target is the support of 1.20500.
Regards R.Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.