FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD
the current price low of 1.1875 .our critical price zone 1.9000 indicator breakout to upside.
That marked when the currency pair tested the support associated with the long-term potential triple-bottom price pattern.
The bounce back up to 1.19 by Wednesday 13th was relatively predictable given the number of traders who would have been tempted to buy near that support level.
But price has since drifted back below the psychologically important 1.18 level.

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.