📊 Technical Analysis
● A five-week rectangle at the channel top has broken south after a bearish engulfing, turning 1.3550 into fresh supply; the break also pierces the inner purple resistance line that capped every rally since April.
● Momentum now points to the channel mid-band/May swing low at 1.3516; loss of that neckline activates the measured move toward the lower rail and horizontal support at 1.3415.
💡 Fundamental Analysis
● Pre-BoE election-period caution and firmer post-FOMC USD yields have widened the short-term gilt–UST spread, draining bid tone from sterling.
✨ Summary
Sell 1.3530-1.3560; break below 1.3516 targets 1.3415. Bear view invalidated on an H4 close above 1.3592.
-------------------
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● A five-week rectangle at the channel top has broken south after a bearish engulfing, turning 1.3550 into fresh supply; the break also pierces the inner purple resistance line that capped every rally since April.
● Momentum now points to the channel mid-band/May swing low at 1.3516; loss of that neckline activates the measured move toward the lower rail and horizontal support at 1.3415.
💡 Fundamental Analysis
● Pre-BoE election-period caution and firmer post-FOMC USD yields have widened the short-term gilt–UST spread, draining bid tone from sterling.
✨ Summary
Sell 1.3530-1.3560; break below 1.3516 targets 1.3415. Bear view invalidated on an H4 close above 1.3592.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
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.