GBP/USD broke lower from its consolidation towards the 1.3040 key support.
If price stays above 1.3040 and bounces towards the upside, the GBP/USD is likely to stay within the range of 1.3040 and 1.3220 (180 pip range).
However, depending on recent DXY strenght, look for short term selling opportunities of GBP/USD if it breaks below 1.3040.
If price stays above 1.3040 and bounces towards the upside, the GBP/USD is likely to stay within the range of 1.3040 and 1.3220 (180 pip range).
However, depending on recent DXY strenght, look for short term selling opportunities of GBP/USD if it breaks below 1.3040.
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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.