GBP/USD Long-Term Trend: Bearish
Key Resistance Levels: 1.31918, 1.32352, 1.32842
Key Support Levels: 1.30901, 1.30462, 1.29745
Daily Chart:
The price on the higher time frame has recently been in a downtrend. It tested a resistance level of 1.33393 and reversed back. The pair has broken a few support levels which suggests further trend continuation.
GBP/USD Medium-Term Trend: Bearish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It broke a support level recently to shift the short-term trend to bearish. As of now the pair has broken and retested a minor level of 1.31918 before continuing the momentum.
Signal Idea:
Sell Limit Order @ 1.31474
TP @ 1.30993
Stop Loss @ 1.31955
Trade Safely 🙂
This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.
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