GBPUSD is very close to an important decision point:
1.3785 - 1.38 is a support cluster based on a current local structure low.
Here are two scenarios for you to watch:
- Bearish -
To catch a bearish continuation,
wait for a breakout of the yellow zone to the downside.
It will trigger a bearish move to 1.37 - Bullish -
To catch a pullback from the underlined zone,
let the price reach the yellow zone,
wait for a bullish breakout of a falling wedge pattern,
buy aggressively or on a retest.
Goal will be - 1.393
Wait for the trigger and follow the market.
Are you bullish or bearish on GBPUSD?
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✅Join My Telegram Channel: t.me/VasilyTrading
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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.