GBPUSD sits on a long-term support line, projected at 1.4850 from minimum levels of 08.Jul and 04.Sep. 1.4850 is additionally confirmed at weekly timeframe by descending trendline from 2008.
Test and rebound from 1.4850 could be used for entering mid-term long positions targeting 1.5180/1.5200 area.
Test and rebound from 1.4850 could be used for entering mid-term long positions targeting 1.5180/1.5200 area.
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GBPUSD tested low of 1.4812 and has already returned back to the violet channel range. Today's close above 1.4850 would confirm false breakout and likely upside scenario.
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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.