📊 Technical Analysis
● Price retests the broken wedge-base & channel roof ≈ 1.370 inside a confluence resistance zone (pink). Lower-highs into this cap form a bear flag pointing toward 1.360.
● Intraday rising-wedge has already cracked; projected width and the broader descending channel intersect 1.352-1.355, reinforcing downside targets.
💡 Fundamental Analysis
● Softer UK PMI prices and pre-election caution keep BoE-cut probabilities elevated, while a stronger US JOLTS print plus hawkish FOMC minutes underpin the dollar, favouring renewed GBP/USD pressure.
✨ Summary
Fade rallies 1.368-1.372; slide below 1.360 unlocks 1.355 then 1.343. Bear thesis invalid on a 30 min close above 1.374.
-------------------
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● Price retests the broken wedge-base & channel roof ≈ 1.370 inside a confluence resistance zone (pink). Lower-highs into this cap form a bear flag pointing toward 1.360.
● Intraday rising-wedge has already cracked; projected width and the broader descending channel intersect 1.352-1.355, reinforcing downside targets.
💡 Fundamental Analysis
● Softer UK PMI prices and pre-election caution keep BoE-cut probabilities elevated, while a stronger US JOLTS print plus hawkish FOMC minutes underpin the dollar, favouring renewed GBP/USD pressure.
✨ Summary
Fade rallies 1.368-1.372; slide below 1.360 unlocks 1.355 then 1.343. Bear thesis invalid on a 30 min close above 1.374.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade closed: target reached
Closed +46 PIPS
90% accuracy in telegram
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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.