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Royal_Trades

GBPUSD - Long Opportunity - 1D Technical Analysis

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Royal_Trades  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines
3
0
trendanalysis supportandresistance trendline
The price broke through the bearish trendline on November 3rd but has not been retested yet. I expect another leg lower to retest the support level at 1.21030 and the broken bearish trendline. From that level, we may see a reversal in the trend and a pullback to retest the resistance level at 1.23760.

NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.
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