Great British Pound (GBP) / United States Dollar (USD)
1D Time Frame
AUGUST 16th UPDATE
As you can see from my last update GBPUSD never done exactly as stated but instead resisted on its support and which then was rejected which has led it to continue to fall instead of rising as stated then falling.
I have left the last update arrow in the chart update for tutorial purposes.
JUST TO INCLUDE
The purple boxes are supports dating back to 2016 which have been used as supports all the way to today.
Since its downtrend, GBPUSD is currently sitting on a resistance which i believe will continue to downtrend towards a past support at 1.34890.
I believe it will settle at its support at 1.29811 which i personally have a active TP trade.
Depending on its movement and if the support its heading for rejects its attempt it might just keep falling towards the next support at 1.23973.
I will be doing a update on this chart and brief Saturday 21st August.
If you like my analysis & brief give it a thumbs up.
If you have any questions please feel free to leave a comment below or send me a direct message.
THIS IS NOT FINANCIAL ADVICE
THE CRYPTO PLANET
1D Time Frame
AUGUST 16th UPDATE
As you can see from my last update GBPUSD never done exactly as stated but instead resisted on its support and which then was rejected which has led it to continue to fall instead of rising as stated then falling.
I have left the last update arrow in the chart update for tutorial purposes.
JUST TO INCLUDE
The purple boxes are supports dating back to 2016 which have been used as supports all the way to today.
Since its downtrend, GBPUSD is currently sitting on a resistance which i believe will continue to downtrend towards a past support at 1.34890.
I believe it will settle at its support at 1.29811 which i personally have a active TP trade.
Depending on its movement and if the support its heading for rejects its attempt it might just keep falling towards the next support at 1.23973.
I will be doing a update on this chart and brief Saturday 21st August.
If you like my analysis & brief give it a thumbs up.
If you have any questions please feel free to leave a comment below or send me a direct message.
THIS IS NOT FINANCIAL ADVICE
THE CRYPTO PLANET
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