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SroshMayi
May 18, 2023 11:57 AM

GBPUSD (PARALLEL CHANNEL) Short

British Pound/U.S. DollarFXCM

Description

GBPUSD

The GBPUSD is trading remarkably Negatively,

the price will touch 1.24000 because it already traded at the bearish zone as long as trades under 1.2542
And under 1.2399 will touch 1.2334

Therefore, the bearish trend scenario will be valid and effective unless breaking 1.2542 and holding below it.


pivot price: 1.2448
resistance prices: 1.2523 & 1.2567 & 1.2600
support price: 1.2400 & 1.2335 & 1.2290

The movement range will be between 1.2447 and 1.2334

tendency: Bearish

Trade closed: target reached

Comments
HayeTrading
Nice call, certainly playing out so far. Got some potential support to contend with in the 1.235 - 1.238 area though 👍
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