GBPUSD continues its decline after rejection from the resistance zone, following a sharp selloff that pushed price back into the descending channel. Price action is consolidating within a downward structure, with a triangle breakdown fueling bearish continuation. A failed recovery above 1.3400 would keep momentum tilted toward the 1.3277 support level. The broader trend remains bearish as long as the channel holds resistance.⚠️ Risks:
- A strong reclaim above 1.3400 could trigger short covering.
- Shifts in USD fundamentals (Core PCE Price Index data) may weaken bearish bias.
- Unexpected positive UK economic releases could support GBP and break the channel.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.