GBPUSD is forming a potential reversal structure with liquidity resting above and below the current range.
We expect a move to grab short-term liquidity above 1.3475 followed by a sweep of lows near 1.3369.
This would complete a rounded bottom structure, setting the stage for a bullish reversal.
Once the low is swept and buyers step in, the target sits around the 1.3600 handle.
We expect a move to grab short-term liquidity above 1.3475 followed by a sweep of lows near 1.3369.
This would complete a rounded bottom structure, setting the stage for a bullish reversal.
Once the low is swept and buyers step in, the target sits around the 1.3600 handle.
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iSmashProfit
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.