GBP/USD is fast approaching a massive resistance zone (1.3550 – 1.3650) and showing clear signs of bullish exhaustion.
All technical indicators are flashing warning signals for a potential sharp drop!
Fundamental Drivers:
• UK’s economy is struggling under persistent inflation pressures.
• The Fed remains hawkish, supporting USD strength.
Targets:
• A break below 1.3200 could accelerate the move toward 1.2900, 1.2500, or even lower!
Watch for bearish reversal candlestick formations on the Daily and 4H charts to catch the move early!
All technical indicators are flashing warning signals for a potential sharp drop!
Fundamental Drivers:
• UK’s economy is struggling under persistent inflation pressures.
• The Fed remains hawkish, supporting USD strength.
Targets:
• A break below 1.3200 could accelerate the move toward 1.2900, 1.2500, or even lower!
Watch for bearish reversal candlestick formations on the Daily and 4H charts to catch the move early!
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.
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.