Get started
YourLazyTrader

GBPUSD Bearish Reversal is Possible

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
YourLazyTrader  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast
81
0
trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast
GBPUSD has reached the previous swing high but so far, price has not broken the resistance level.
Some profit-taking can happen here that can push the price towards 1.26 this week.

Watch for bearish price action in the resistance level and Sell GBPUSD@1.28-1.2820 with 1.2620 as TP and SL above 1.2850.

Be careful as there can also be a fake breakout of this level before the downtrend begins.
𝙁𝙧𝙚𝙚 𝙎𝙞𝙜𝙣𝙖𝙡𝙨 t.me/yltrader

𝘾𝙤𝙥𝙮 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙎𝙚𝙧𝙫𝙞𝙘𝙚 : t.me/Avylt001

𝙈𝙮 𝙩𝙧𝙖𝙘𝙠 𝙧𝙚𝙘𝙤𝙧𝙙 : shorturl.at/qstG8
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.