GBPUSD Possible BUY
Updated
Price retested, and rejected a live on the 4H, and lower time frames to continue the trend. Evaluate at tp1 for sell with 3 R's
Note
Price continued up to tp 1 1.25300 and rejected with NFP new, after 2 retests. This was a major level in the retracement of the overall downtrend of GBPUSD. Potential move to lower highs and lower lows, with 200 pips to the major level of resistance possible.
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.