Hello traders! What’s your take on GBPUSD?
The GBP/USD pair has broken below its long-term ascending trendline and is now trading beneath a key resistance zone. After a failed breakout at the newly formed trendline, price quickly reversed and dropped sharply.
This resistance zone previously acted as a strong support level but has now been flipped to resistance. If price fails to reclaim this area during the next pullback, the bearish outlook will be further confirmed.
💬 Do you think GBPUSD will bounce from the 1.32 region, or will it continue falling toward the lower targets? Share your thoughts below!
The GBP/USD pair has broken below its long-term ascending trendline and is now trading beneath a key resistance zone. After a failed breakout at the newly formed trendline, price quickly reversed and dropped sharply.
This resistance zone previously acted as a strong support level but has now been flipped to resistance. If price fails to reclaim this area during the next pullback, the bearish outlook will be further confirmed.
💬 Do you think GBPUSD will bounce from the 1.32 region, or will it continue falling toward the lower targets? Share your thoughts below!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
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.