GBPUSD Analysis
Hello,
GBPUSD 's monthly pivot point (1M PP) has acted as resistance, leading to further downside towards the yearly pivot point (1Y PP). With the 1-week low at 1.260805 and the 6-month low at 1.24872, further downside is anticipated. However, the reaction to the 1-day strong support level will be crucial; a hold there could trigger a reversal.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
GBPUSD 's monthly pivot point (1M PP) has acted as resistance, leading to further downside towards the yearly pivot point (1Y PP). With the 1-week low at 1.260805 and the 6-month low at 1.24872, further downside is anticipated. However, the reaction to the 1-day strong support level will be crucial; a hold there could trigger a reversal.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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