Inacio_1998

GBPUSD Overview week commencing on the 28th June 2021

Short
FX:GBPUSD   British Pound / U.S. Dollar
Weekly closure - bullish "inverted hammer" showing that sellers were not in control of the market as the previous week.
Daily chart - uptrend but currently retracing H4 Chart - we had a break of support breaking the uptrend structure
30m Chart - 123 move to the upside which then broke the support, creating a new Lower High & Lower Low

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.