Mihai_Iacob

GbpUsd can drop to 1.25

Short
FX:GBPUSD   British Pound / U.S. Dollar
After 2 false breaks above the falling trend line at the beginning of January and again at the beginning of February, GbpUsd has resumed its downtrend and yesterday has broken the very important 1.32 horizontal support.
In my opinion, cable will continue its fall and 1.25 can be the target.
Sell rallies can be a good strategy and 1.32 can be a good zone to look for entries.
Resistance extends to 1.33

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.