GBPUSD has broken below the highlighted support zone and the market structure remains bearish on the 12H timeframe, with sellers maintaining control after repeated rejections from higher supply areas.
The breakdown and weak retest suggest further downside pressure, opening the door for a continuation toward the 1.3050 and potentially the psychological 1.3000 region.
Recent order flow and lower highs indicate that bearish momentum is still dominant, while the former support zone is now acting as resistance.
As long as price remains below the 1.3250 area, rallies could attract fresh selling and extend the downward move.
Fundamentally, expectations surrounding Federal Reserve policy and stronger US Dollar demand continue to weigh on GBPUSD sentiment.
Upcoming US and UK economic releases may increase volatility, but the overall bias remains bearish while price stays below the broken support zone.
The breakdown and weak retest suggest further downside pressure, opening the door for a continuation toward the 1.3050 and potentially the psychological 1.3000 region.
Recent order flow and lower highs indicate that bearish momentum is still dominant, while the former support zone is now acting as resistance.
As long as price remains below the 1.3250 area, rallies could attract fresh selling and extend the downward move.
Fundamentally, expectations surrounding Federal Reserve policy and stronger US Dollar demand continue to weigh on GBPUSD sentiment.
Upcoming US and UK economic releases may increase volatility, but the overall bias remains bearish while price stays below the broken support zone.
✅ ✅✅Join our Free Forex Community Telegram Channel here.
Hit the Link below
👇👇👇
linkin.bio/andrewstelegramfamily
Hit the Link below
👇👇👇
linkin.bio/andrewstelegramfamily
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
✅ ✅✅Join our Free Forex Community Telegram Channel here.
Hit the Link below
👇👇👇
linkin.bio/andrewstelegramfamily
Hit the Link below
👇👇👇
linkin.bio/andrewstelegramfamily
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。