#GBPUSD - 19122023

60
GBPUSD was weaker as it was rejected by PZ and came back down to BZ. Bearish price action but trend is still up. Can play both sides.

Given that trend is still up, I would like to play for a possible bottom, but only on a long on a dip lower from 1.2586 to target 1.2736 before any rejection. EURUSD is stronger thus it will be a better candidate for outright long.

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.