GBP/USD showing a good downtrend on the 4HR chart. Looking for sells after rejection from the trendline and the zone marked out. Potential target will be 1.25000 zone marked below.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
The price did not respect the trend line and broke resistance on the marked level. Looking for a break and restest above that level to go for buys, target being 1.27500 level.