GBPUSD remains under pressure after failing to sustain gains above 1.3450–1.3460. The pair is trading below both EMAs, keeping short-term momentum bearish.
Sell Setup
Entry: 1.3450–1.3460 rejection
SL: 1.3490
TP1: 1.3400
TP2: 1.3370
TP3: 1.3350
Buy Setup
Entry: H4 close above 1.3460
SL: 1.3425
TP1: 1.3500
TP2: 1.3520
Current bias: bearish while price remains below 1.3460.
Sell Setup
Entry: 1.3450–1.3460 rejection
SL: 1.3490
TP1: 1.3400
TP2: 1.3370
TP3: 1.3350
Buy Setup
Entry: H4 close above 1.3460
SL: 1.3425
TP1: 1.3500
TP2: 1.3520
Current bias: bearish while price remains below 1.3460.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.