GBPUSD tested the upper boundary of the ascending channel near 1.38 and formed a clear bearish reaction.
The rejection occurred within a historical supply zone, after which price moved back below the 1.3680 level, increasing the probability of a corrective move inside the channel. The current structure suggests a potential decline toward the midline of the channel around 1.34, and if selling pressure continues, further downside toward 1.3190 and 1.2990 support levels becomes possible, where strong demand was previously observed.
The CCI indicator is turning down from overbought territory, confirming weakening bullish momentum. Although the broader trend remains bullish, the reaction from the upper channel boundary may signal the beginning of a deeper correction. The main scenario favors a move toward 1.34 and 1.3190, while the alternative scenario would activate if price reclaims and holds above 1.3680, restoring bullish continuation potential.
The rejection occurred within a historical supply zone, after which price moved back below the 1.3680 level, increasing the probability of a corrective move inside the channel. The current structure suggests a potential decline toward the midline of the channel around 1.34, and if selling pressure continues, further downside toward 1.3190 and 1.2990 support levels becomes possible, where strong demand was previously observed.
The CCI indicator is turning down from overbought territory, confirming weakening bullish momentum. Although the broader trend remains bullish, the reaction from the upper channel boundary may signal the beginning of a deeper correction. The main scenario favors a move toward 1.34 and 1.3190, while the alternative scenario would activate if price reclaims and holds above 1.3680, restoring bullish continuation potential.
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👨🎓 Telegram: t.me/totoshkatradingteam
🪢 Брокеры для торговли:
- profit-market.info/fx/?g=BZA6ZC
- ib-fxpro.com/?ib=SwHtc7m3
💬 DM: @@totoshkatm
🪢 Брокеры для торговли:
- profit-market.info/fx/?g=BZA6ZC
- ib-fxpro.com/?ib=SwHtc7m3
💬 DM: @@totoshkatm
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.