On the daily chart, GBPUSD encountered resistance and fell back after rebounding in the previous supply zone, and the short-term market may continue to fall. The current downside target is around 1.261. If it falls below, it is expected to continue to fall, and the support below is around 1.246. When GBPUSD reaches 1.246, you can pay attention to the potential bullish cypher pattern.
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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.