GBPUSD is entering an uptrend correction phase. The price breaks the uptrend pattern - a reason for buyers to get nervous
On the chart the key element at the moment is the sideways range of 1.2435 - 1.2290. Earlier the price tested the support and it managed to bounce from the level and head up to the previously broken boundary. A possible retest of the uptrend channel support may confirm the beginning of the correction. If the price consolidates under the uptrend line, the potential for fall to 1.22889 and further to 1.2175 will open.
I suppose that now the price can grow to the border of the channel for confirmation of the trend break, if that happens, we should expect fall to the strong support of 1.22889
Regards R. Linda!
On the chart the key element at the moment is the sideways range of 1.2435 - 1.2290. Earlier the price tested the support and it managed to bounce from the level and head up to the previously broken boundary. A possible retest of the uptrend channel support may confirm the beginning of the correction. If the price consolidates under the uptrend line, the potential for fall to 1.22889 and further to 1.2175 will open.
I suppose that now the price can grow to the border of the channel for confirmation of the trend break, if that happens, we should expect fall to the strong support of 1.22889
Regards R. Linda!
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(don't copy, click on the links!)
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
Publikasi terkait
Pernyataan Penyangkalan
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.