GBP/USD Trendline Break: Next Stop 1.2250?
GBP/USD has broken a rising trendline near 1.2575 on the 4-hour chart. After retesting this area, the pair looks bearish. Key support levels to watch are around 1.2400 and 1.2250. If the price moves back above 1.2600, the bearish view could be invalidated, and the pair may turn bullish again. Otherwise, it may continue to drop further. Always use proper risk management when trading.
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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.