GBPUSD is testing global support and key Fibo level. A false breakout is forming and most likely a correction may follow before a further decline on the background of a stronger dollar.
TA on the high timeframe:
1) False break-down of the strong level (May) 1.26525.
2) Price consolidation below resistance will form a good entry point for a short position
3) The price breaks the trend amid dollar strengthening
TA on a low timeframe:
1) False break of support at 1.26248. The price is testing the Fibo level of 0.382, most likely, a bounce to resistance may follow from this area
2) The price may make a false-break-down from the resistance area and go downward again.
3) The resistance area is rather wide, watch out for 1.26989, 0.236 Fibo and the previously broken channel line
Key support📉: 1.26248
Key resistance📈: 0.382 Fibo, 1.26989
TA on the high timeframe:
1) False break-down of the strong level (May) 1.26525.
2) Price consolidation below resistance will form a good entry point for a short position
3) The price breaks the trend amid dollar strengthening
TA on a low timeframe:
1) False break of support at 1.26248. The price is testing the Fibo level of 0.382, most likely, a bounce to resistance may follow from this area
2) The price may make a false-break-down from the resistance area and go downward again.
3) The resistance area is rather wide, watch out for 1.26989, 0.236 Fibo and the previously broken channel line
Key support📉: 1.26248
Key resistance📈: 0.382 Fibo, 1.26989
❤️ Telegram channel: t.me/AndeWave
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❤️ Telegram channel: t.me/AndeWave
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.