Hey Traders,
Check out this technical analysis on GBPUSD; it appears to be undergoing a wide pullback, potentially indicating a bullish momentum.
However, I would recommend waiting for a breakout above the channel before considering a buy-trade setup.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
Check out this technical analysis on GBPUSD; it appears to be undergoing a wide pullback, potentially indicating a bullish momentum.
However, I would recommend waiting for a breakout above the channel before considering a buy-trade setup.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
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.
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.