Potential Further Downside
The GBP/USD chart shows that further downside is likely. After recording a short-term top at 1.3180, the price has fallen sharply below the 34-EMA and 89-EMA moving averages, indicating that bearish pressure is gaining ground.
Currently, the price is approaching a minor resistance zone around 1.3080, which it has tested several times without breaking. If the price fails to break above this area, the possibility of further decline towards the next support zone at 1.3050 is high. This could open up a short selling opportunity for traders.
The key points to watch are the price reaction at the resistance zone of 1.3080 and the price action at the support level of 1.3050, where the next direction of the pair could be determined.
Currently, the price is approaching a minor resistance zone around 1.3080, which it has tested several times without breaking. If the price fails to break above this area, the possibility of further decline towards the next support zone at 1.3050 is high. This could open up a short selling opportunity for traders.
The key points to watch are the price reaction at the resistance zone of 1.3080 and the price action at the support level of 1.3050, where the next direction of the pair could be determined.
Join my team to get free signal XAUUSD trades with up to 85% winning rate!
Every day, you will receive 5-7 high quality signals, helping you earn a lot of money
Click here to join the group: t.me/+GRJwuaIyEF8yNDdl
Every day, you will receive 5-7 high quality signals, helping you earn a lot of money
Click here to join the group: t.me/+GRJwuaIyEF8yNDdl
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。