GBPUSD has reached a critical technical zone where multiple confluences are signaling a downside correction:
✅ Bearish Divergence spotted on RSI at the top, indicating momentum exhaustion.
✅ Price got rejected from a strong Daily Supply Zone, showing clear institutional selling pressure.
✅ On the LTF (Lower Timeframe), structure has shifted — new Lower Highs (LH) and Lower Lows (LL) are now printing, confirming a short-term bearish trend change.
✅ Price also broke the LTF trendline and is retesting, adding further bearish confluence.
📊 Bias:
Expecting a corrective move to the downside with targets around previous liquidity zones:
⚠️ Market is still sensitive to USD fundamentals this week, so watch key news events for volatility spikes.
🔔 Wait for proper confirmations and manage risk accordingly.
✅ Bearish Divergence spotted on RSI at the top, indicating momentum exhaustion.
✅ Price got rejected from a strong Daily Supply Zone, showing clear institutional selling pressure.
✅ On the LTF (Lower Timeframe), structure has shifted — new Lower Highs (LH) and Lower Lows (LL) are now printing, confirming a short-term bearish trend change.
✅ Price also broke the LTF trendline and is retesting, adding further bearish confluence.
📊 Bias:
Expecting a corrective move to the downside with targets around previous liquidity zones:
⚠️ Market is still sensitive to USD fundamentals this week, so watch key news events for volatility spikes.
🔔 Wait for proper confirmations and manage risk accordingly.
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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.
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.