After the recent low of 1.2250, GbpUsd has risen and has formed an upwards channel. The rise is not impulsive and it looks to me more like a distribution.
I expect the pair to drop hard to at least 1.2 zone in the next period.
Interim support is at 1.22 zone
I expect the pair to drop hard to at least 1.2 zone in the next period.
Interim support is at 1.22 zone
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.