Hi Traders!
GBPUSD continues its bearish outlook, and further downside momentum looks very likely.
Here are the details:
The market is trending down, with longer swings consisting of lower highs and lower lows. The previous support level of 1.26034 has been broken, and the market may go back to below the 1.25000 level.
Preferred Direction: Sell
Entry Level: 1.25772
Stop Level: 1.26213
Target Level: 1.24890
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
GBPUSD continues its bearish outlook, and further downside momentum looks very likely.
Here are the details:
The market is trending down, with longer swings consisting of lower highs and lower lows. The previous support level of 1.26034 has been broken, and the market may go back to below the 1.25000 level.
Preferred Direction: Sell
Entry Level: 1.25772
Stop Level: 1.26213
Target Level: 1.24890
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
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JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
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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.