FenzoFx—GBP/USD broke below the ascending trendline and currently trades slightly below the VWAP at $1.322. Immediate resistance is at $1.357. From a technical perspective, the downtrend will likely extend to $1.313 if this level holds.
The bearish outlook should be invalidated if GBP/USD closes and stabilizes above $1.357.
The bearish outlook should be invalidated if GBP/USD closes and stabilizes above $1.357.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.