Get started
OraclePips

GU BIAS: STRONG SELL

Education
British Pound / U.S. Dollar (FX:GBPUSD)  
OraclePips  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis GBPUSD gbpusdshort Forex trndanalysis currency
0
0
trendanalysis gbpusd gbpusdshort forex trndanalysis currency
Why do we hope to sell the cable today? The price has for me a semi-classic pin bar at the key level resistance area which is signaling a weakness on the side of the bulls. Historically, the price has never been able to make a new high. There has never been any attempt to break the resistance level of 1.1965.

Stop Lose: 1967; Take Profit: 1.1833; Secnd Take Profit: 1.1765

Finally, the conclusion is SELL.
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.