GBPUSD is forming a countertrend correction towards the liquidity zone amid a correction in the dollar. Are there any chances for a trend break?The currency pair is taking advantage of the opportunity to test the trend resistance and consolidation amid the dollar correction. Focus on the nearest resistance level of 1.3467, behind which lies a pool of liquidity relative to the local trend.
Based on the overall market sentiment (bearish), a breakout of the 1.3467 resistance could trigger a downward pullback.
Resistance levels: 1.3467
Support levels: 1.3370
If, during the retest of the specified liquidity zone, the market is unable to continue its upward movement and the price returns below the level, we will have a chance to catch a decline within the current trend.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.