GBPUSD SELL !
GBPUSD - OUTLOOK
🕯The price has firmly settled in the bearish zone, consistently remaining below 1.28633. Accordingly, the target is confidently set at 1.26169.
➡️Bearish Scenario:
As the price continues to trade below 1.28633, a continued descent to 1.26169 is anticipated. A further decline below this level could propel the price to 1.23200.
➡️Bullish Scenario:
For a shift to a bullish trend, the price must convincingly reverse and stabilize above 1.29000, potentially aiming for 1.31437.
Tendency: Firmly bearish
In summary, maintaining a position below 1.28633 strongly supports a bearish outlook, with focus on lower support targets. Conversely, trading above 1.29000 could confidently indicate a bullish reversal toward higher resistance levels.
🕯The price has firmly settled in the bearish zone, consistently remaining below 1.28633. Accordingly, the target is confidently set at 1.26169.
➡️Bearish Scenario:
As the price continues to trade below 1.28633, a continued descent to 1.26169 is anticipated. A further decline below this level could propel the price to 1.23200.
➡️Bullish Scenario:
For a shift to a bullish trend, the price must convincingly reverse and stabilize above 1.29000, potentially aiming for 1.31437.
Tendency: Firmly bearish
In summary, maintaining a position below 1.28633 strongly supports a bearish outlook, with focus on lower support targets. Conversely, trading above 1.29000 could confidently indicate a bullish reversal toward higher resistance levels.
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