Strong down channel is dominating the GBP/USD, bringing the pound lower.
We are also seeing lower RSI highs which is confirming the bearish momentum.
My first target is to 1.0519.
Notice, I don't expect the price to reach recent lows. and the reason is because, it just might be the solid support needed for the pound to bounce up from here.
First a tick up, then down and then let's see what happens to the channel.
Currently we are still bearish..
We are also seeing lower RSI highs which is confirming the bearish momentum.
My first target is to 1.0519.
Notice, I don't expect the price to reach recent lows. and the reason is because, it just might be the solid support needed for the pound to bounce up from here.
First a tick up, then down and then let's see what happens to the channel.
Currently we are still bearish..
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.