kjiangcj77

GBPUSD Forecast

kjiangcj77 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Enter short ONLY if test of minor trend line and reversal candlestick formation.

1HR targets: 1.28414 1.27796
Daily target: 1.25718
Comment:
Resistance still holding.
4HR doji candle but no significant signs of reversal as of now.

Look for signs of bearish momentum before entering
Comment:
No signs of bearish momentum on 4HR
Price has now entered order accumulation zone
Wait for significant break to the upside before buying

Daily target: 1.33100
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.