TECHNICAL ANALYSIS
Price and market both bearish, with price currently at support. This pair will have to pull back to the resistance level before bears can look to short.
FUNDAMENTAL ANALYSIS
The currency pair GBPUSD has a score of -3, indicating that the base currency is weaker than the quote currency. The trend projection also shows further downside.
The COT report is slightly neutral for both currency pairs, and retail sentiment is 54% bearish. Although the COT is neutral, in a trade like this, the trend is your friend until technical indicators suggest otherwise.
Price and market both bearish, with price currently at support. This pair will have to pull back to the resistance level before bears can look to short.
FUNDAMENTAL ANALYSIS
The currency pair GBPUSD has a score of -3, indicating that the base currency is weaker than the quote currency. The trend projection also shows further downside.
The COT report is slightly neutral for both currency pairs, and retail sentiment is 54% bearish. Although the COT is neutral, in a trade like this, the trend is your friend until technical indicators suggest otherwise.
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.
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.