GBPUSD: Focus on sell trend
GBPUSD rebounded strongly, breaking the previous downward trend with low momentum. The market rebounded strongly with the majority of bullish candles being momentum candles with large candle bodies. It can be seen that in the short term this pair is moving in an upward direction. higher and the first resistance area it can find is the area around 1.2350.
The structure of GBPUSD is still bearish, so we are still waiting for a selling period. However, please pay a little attention to the short-term trend, it can be seen that in the short term this pair will change in price, so please pay attention to the short-term trend. If you want to trade this currency pair, you can consider waiting for a buyback following the short-term uptrend.
The structure of GBPUSD is still bearish, so we are still waiting for a selling period. However, please pay a little attention to the short-term trend, it can be seen that in the short term this pair will change in price, so please pay attention to the short-term trend. If you want to trade this currency pair, you can consider waiting for a buyback following the short-term uptrend.
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