GbpUsd- Back above 1.3?
In my previous GBP/USD analysis, I highlighted the important 1.2850 support zone.
Yesterday, the pair fell below this support; however, sellers couldn't push the price down significantly, and a strong floor was found at 1.28.
The recent drop from above 1.3 appears corrective in nature, overlapping and resembling a falling wedge with a false break below support.
Considering yesterday's price action, I anticipate a reversal.
Confirmation of this reversal comes if GBP/USD moves above 1.2870. In that case, we can consider 1.28 a low and expect the price to continue rising back above 1.3.
Yesterday, the pair fell below this support; however, sellers couldn't push the price down significantly, and a strong floor was found at 1.28.
The recent drop from above 1.3 appears corrective in nature, overlapping and resembling a falling wedge with a false break below support.
Considering yesterday's price action, I anticipate a reversal.
Confirmation of this reversal comes if GBP/USD moves above 1.2870. In that case, we can consider 1.28 a low and expect the price to continue rising back above 1.3.
Nota
For clarification, bulls need the price above 1.2855-1.2865 zone
📈 Forex & XAU/USD Channel:
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💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.