Hello traders,
GBPUSD is setting up for a potential downside move watch price action according to your own trading strategy and look for a short position opportunity.
This is just analysis.....
GOOD LUCK & GOOD TRADING
pound is looking week from past few weeks and thus it now broke the 4H support level of 1.1925 and should attempt a retest to the zone and will continue to move further in the downwards direction, the short term level is 1.1733
GBPUSD 4H-TIMEFRAME ANALYSIS
Hello ladies and gentlemen
This is my new idea for GBPUSD
My idea the pair would continue to downtrend
Real support is between 1.25 and 1.248 It would be good to test it
I hope my idea is clear
Support me by like and share
Good luck
Looks like a Head & Shoulder reversal pattern after a long Bullish run. Price fail to create new Higher High, but instead going down further.
TAYOR.
KHALID HAMID
GBPUSD is still downtrending as per previous analyses, and is currently trading within two short-term channels.
We expect price to either quickly drop to the Major Support Zone (staying within the blue channel), or to break above the blue channel and head towards the upper band of the green channel, before finally falling back towards the Major Support...
