GBP/USD is currently at the critical level. The area around 1.42 was instrumental
in bringing down the price last time. So, do the sellers have a chance?
We are looking for some strong bearish price action in this resistance level, which
will indicate the presence of sellers.
If strong bearish price action happens here, a sell entry@1.4190-1.4225 with SL above
1.43 and TP at 1.3780 would be a possible sell signal.
However, a strong break above the resistance level will indicate that the uptrend will continue.
in bringing down the price last time. So, do the sellers have a chance?
We are looking for some strong bearish price action in this resistance level, which
will indicate the presence of sellers.
If strong bearish price action happens here, a sell entry@1.4190-1.4225 with SL above
1.43 and TP at 1.3780 would be a possible sell signal.
However, a strong break above the resistance level will indicate that the uptrend will continue.
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.