Trying to break above 1.31 to reach the PRZ of a bearish
GBPUSD has settled above 1.3 following today's GDP data.
In order to reach 1.325-1.33 it will have to break above the 1.31 structure.
Notice the trend line (green line) - A breakdown below it can change the destination of GBPUSD from 1.325 to 1.27.
In order to reach 1.325-1.33 it will have to break above the 1.31 structure.
Notice the trend line (green line) - A breakdown below it can change the destination of GBPUSD from 1.325 to 1.27.
Comment:
Approaching weekly Sell Zone