GBPUSD pair analyzed on a monthly timeframe, exhibits a notable approaching trendline resistance. This indicates a potential upcoming pullback, favorable for long-term positions. The projected bearish trajectory suggests a target level reaching down to the psychological barrier at 1.1800. Anticipated price action signals a likelihood of descending below the threshold of 1.3194 by July 2025.
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.