GBPUSD on unexpected fundamentals broke a strong support line last week, but after the correction the price fell to the strong line at 1.20289, which confirms the bearish mood. What to expect from the price?
The price forms a retest of the support at 1.20289 (upper range boundary). On the junior timeframe a pre-breakdown consolidation is formed with the moment of price compression. Breakdown of this level and entry of the price into the range of 1.20289-1.14427 will open the potential for a fall to the lower line.
I expect a breakdown of the support zone in the near future and continuation of the fall after the breakdown of the global trend. The short-term target is the support at 1.18536, the medium-term target is the level of 1.14427.
Regards, R.Linda!
The price forms a retest of the support at 1.20289 (upper range boundary). On the junior timeframe a pre-breakdown consolidation is formed with the moment of price compression. Breakdown of this level and entry of the price into the range of 1.20289-1.14427 will open the potential for a fall to the lower line.
I expect a breakdown of the support zone in the near future and continuation of the fall after the breakdown of the global trend. The short-term target is the support at 1.18536, the medium-term target is the level of 1.14427.
Regards, R.Linda!
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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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.