Since 20th August, GbpUsd was trading in an ascending channel
However, 1.39 is very strong resistance, with the pair failing 3 times in this zone.
I expect a break under trend line support and a break under 1.38 furthermore.
Such a break would accelerate losses and expose 1.3730 support
Only GbpUsd above 1.39 would change my bearish opinion.
However, 1.39 is very strong resistance, with the pair failing 3 times in this zone.
I expect a break under trend line support and a break under 1.38 furthermore.
Such a break would accelerate losses and expose 1.3730 support
Only GbpUsd above 1.39 would change my bearish opinion.
📈 Forex & XAU/USD Channel:
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💎 Crypto Channel:
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.