The GBPUSD recently closed around 1.33750, testing a key support zone. Although there are signs of potential further decline, the broader outlook depends significantly on the strength of the US Dollar.
A corrective move against the backdrop of a strong overall trend is within normal expectations, and bullish sentiment remains intact.
If buyers are able to defend the 1.33750 – 1.33600 support zone, a pullback or reversal could be expected then next resistance would be 1.36004 / 1.37001.
You can find more details in the chart Ps Support with like and comments for more better analysis Thanks for Supporting.
A corrective move against the backdrop of a strong overall trend is within normal expectations, and bullish sentiment remains intact.
If buyers are able to defend the 1.33750 – 1.33600 support zone, a pullback or reversal could be expected then next resistance would be 1.36004 / 1.37001.
You can find more details in the chart Ps Support with like and comments for more better analysis Thanks for Supporting.
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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.