swissmoneymakers

GBPUSD - Potential Ranging-Market?

FX:GBPUSD   British Pound / U.S. Dollar
After the breakout under the trendline the market makes a hammer pattern.
Maybe the market will move until the resistance at 1.27600 and bounces back.
Or it'll start a new downtrend and bounces at the support by 1.26711.

Let's wait and see!
Thanks and good luck!

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.