Current trend: Bearish Resistance at 1.23371 The information contained in this website is for general information purposes only. Any reliance you place on such information is strictly at your own risk. It is not intended to constitute legal or financial advice and does not take your individual circumstances and financial situation into account
GBPUSD is currently in a flag pattern. Continuation to the upside. Holding my long.
Over all weekly trend still showing bearish momentum to the down side. Waiting for a retest at round 1.30000 There is a clear structure broke below bearish flag in lower timeframes(5m,15m). (RED,BLUE,YELLOW). Headed to 1.30400 support zone range. If it breaks below the head lower to 1.30000. Once demand is fulfilled we will then see the bullish momentum return....
Strong bounce off support line at 1.36015 TRADE AT YOUR OWN DISCRESTION. THIS IS NOT FINANCIAL ADVICE.