GBP/USD-Daily analysis
Hello everyone!
-On GBP/USD we can see strong bearish movement and the price broke trough support line(yellow line) and close with solid red candle.
-We can expect few things like retest or breakout in upper direction.
-On lower time frames such as 1 and 4 hours we can see very strong bearish move and control of sellers.
-Now GBP is strong on daily base but for how long? GBP was weak whole week and USD is at very solid level.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
-On GBP/USD we can see strong bearish movement and the price broke trough support line(yellow line) and close with solid red candle.
-We can expect few things like retest or breakout in upper direction.
-On lower time frames such as 1 and 4 hours we can see very strong bearish move and control of sellers.
-Now GBP is strong on daily base but for how long? GBP was weak whole week and USD is at very solid level.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
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.
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.