The chart shows the GBP/USD currency pair on a 3-hour timeframe, indicating a bearish trend. Price action has broken below the trendline support and is trading beneath the Ichimoku cloud, suggesting downward momentum. A key support zone has been breached, and the price is currently retesting this zone as resistance. The overall structure suggests a continuation to the downside. The chart highlights a descending channel and marks two projected levels as potential targets. The analysis aligns with bearish sentiment, reinforced by consistent lower highs and lower lows. Traders may consider further confirmation before initiating positions based on trend continuation setups.
Entry: 1.34500
Target First: 1.33960
Target Second: 1.33313
Stop Loss: 1.35000
Entry: 1.34500
Target First: 1.33960
Target Second: 1.33313
Stop Loss: 1.35000
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.
Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.