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What are your thoughts on GBPUSD?
GBP/USD has reached a key resistance zone and is currently trading below it. A bearish divergence has also formed, signaling potential weakness in bullish momentum.
Given the confluence of resistance and negative divergence, we expect the price to struggle breaking above this level and likely decline toward the specified support zones.
Unless price breaks above the resistance decisively, the bias remains bearish in the short term.
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What are your thoughts on GBPUSD?
GBP/USD has reached a key resistance zone and is currently trading below it. A bearish divergence has also formed, signaling potential weakness in bullish momentum.
Given the confluence of resistance and negative divergence, we expect the price to struggle breaking above this level and likely decline toward the specified support zones.
Unless price breaks above the resistance decisively, the bias remains bearish in the short term.
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.