Hello traders! I am here with the 4-hour chart analysis for GBPUSD.
In the 4Hour chart, we see that bulls have lost momentum.
Multiple bearish candles have formed in the chart.
If this price action continues, I expect GBP/USD to fall further towards
the 1.26 level. I have already sold@1.2785 and I also have a couple of sell
positions near 1.27. So, currently, I am holding those trades with my targets
at 1.2650 and 1.26 respectively.
In the 4Hour chart, we see that bulls have lost momentum.
Multiple bearish candles have formed in the chart.
If this price action continues, I expect GBP/USD to fall further towards
the 1.26 level. I have already sold@1.2785 and I also have a couple of sell
positions near 1.27. So, currently, I am holding those trades with my targets
at 1.2650 and 1.26 respectively.
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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.