GBPUSD: Bearish Outlook Explained ðŽð§ðšðļ
https://www.tradingview.com/x/vhsu4Vxn/
GBPUSD is trading in a bearish trend on a daily.
The price broke and closed below a key daily horizontal support last week.
The broken structure and a falling trend line now compose the contracting supply zone.
We already saw a strong rejection from its lower boundary on Monday.
Bears will most likely keep dominating.
Next support 1.24
For entries, consider the underlined blue area.
âĪïļPlease, support my work with like, thank you!âĪïļ
GBPUSD is trading in a bearish trend on a daily.
The price broke and closed below a key daily horizontal support last week.
The broken structure and a falling trend line now compose the contracting supply zone.
We already saw a strong rejection from its lower boundary on Monday.
Bears will most likely keep dominating.
Next support 1.24
For entries, consider the underlined blue area.
âĪïļPlease, support my work with like, thank you!âĪïļ
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