A weekly resistance of 1.3250 (2020 reopening rate) is a key level for the market. The 1.33 trend is also in line with the Gartley Pattern Reversal Area at 1.3376-1.3312. For this reason, we can expect sellers to enter the market from the mentioned key levels.
If the GBPUSD falls below 1.32, the pound can be expected to fall to the 1.31 range. It is recommended that you wait for the Price Action signal to form before entering into a sell trade.
If the GBPUSD falls below 1.32, the pound can be expected to fall to the 1.31 range. It is recommended that you wait for the Price Action signal to form before entering into a sell trade.
Trade closed: target reached:
Look at the reaction. +100 pips