GBPUSD continues to trade within a well-defined bearish structure. Since breaking below the 1.3400 area, the pair has struggled to generate any meaningful recovery, with sellers quickly stepping in on every bounce.
The macro picture still supports the US Dollar, while Sterling lacks a strong catalyst to reverse the current trend. This keeps downside risks elevated in the near term.
Trade Setup:
Sell Zone: 1.3230 – 1.3260
Stop Loss: 1.3310
Take Profit 1: 1.3150
Take Profit 2: 1.3100
Take Profit 3: 1.3050
As long as price remains below 1.3260, rallies may continue to be viewed as selling opportunities.
The macro picture still supports the US Dollar, while Sterling lacks a strong catalyst to reverse the current trend. This keeps downside risks elevated in the near term.
Trade Setup:
Sell Zone: 1.3230 – 1.3260
Stop Loss: 1.3310
Take Profit 1: 1.3150
Take Profit 2: 1.3100
Take Profit 3: 1.3050
As long as price remains below 1.3260, rallies may continue to be viewed as selling opportunities.
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.