GBP/USD - Current View
Here we see GBP/USD on the 4h TF
The price is currently at a support level (resistance becomes support) after a bearish rally and the RSI is oversold
The daily trendline has been broken and we expect a small pullback to retest the trendline before a further move down to our downside target around the 1.52 level. Our downside target is not just a support level where we expect the price to bounce to the upside but also a 0.5 fibonacci level made form the swing low to swing high on the daily TF.
The price is currently at a support level (resistance becomes support) after a bearish rally and the RSI is oversold
The daily trendline has been broken and we expect a small pullback to retest the trendline before a further move down to our downside target around the 1.52 level. Our downside target is not just a support level where we expect the price to bounce to the upside but also a 0.5 fibonacci level made form the swing low to swing high on the daily TF.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.