market is currently exhibiting a bearish trend, with downside momentum expected to continue as long as the resistance level at 1.2739 holds firm. Traders should monitor this level closely, as any failure to breach it will likely result in further downward movement.
GBPUSD i think gbpusd drop at here or drop at resistance we need to waite to drop support zone because it's too strong rejected in the support zone and rised to resistance and break the HH
GBP/USD has declined rapidly over the last couple of weeks but the bearish move has slowed down a bit. Price is in a consolidation mode and we might see a pullback to 1.19. The RSI also suggests that the bearish momentum has ended
frist sell to 1.2200 then buy postion on support 1.2200 to target 1.3200
If the market trend is upward, there is a possibility of forming a head and shoulders pattern. Otherwise, we will see a downward trend.
My idea is Start Eliot Wave 3 fo 80 pip fot Uptrend
if not break resistant 1.3635 then short Sell to 1.3450 otherwise we have up trend to near 1.3800
ifcan not break resistant 1.2487 ,then sell position on 1.2460
buy 1.29850 Take profit : 1.30450 stop loss : 1.2950