GBP/USD Tests Support After Breaking Upward Trendline
The current GBP/USD chart shows that after breaking the upward trendline, the pair has fallen sharply and is testing support in the 1.2840–1.2860 zone. The EMA (34) and EMA (89) are both sloping down, indicating that bearish pressure is still dominant.
However, if the price can hold this support zone and recover above 1.2900, there could be a short-term recovery to retest the previous trendline around 1.2940. This will be an important area to watch, as if selling pressure continues to increase here, there is a high possibility that the downtrend will be reinforced and the price could fall further.
However, if the price can hold this support zone and recover above 1.2900, there could be a short-term recovery to retest the previous trendline around 1.2940. This will be an important area to watch, as if selling pressure continues to increase here, there is a high possibility that the downtrend will be reinforced and the price could fall further.
Join my team to get free signal XAUUSD trades with up to 85% winning rate!
Every day, you will receive 5-7 high quality signals, helping you earn a lot of money
Click here to join the group: t.me/+dv8TI5LsqY8yNWI9
Every day, you will receive 5-7 high quality signals, helping you earn a lot of money
Click here to join the group: t.me/+dv8TI5LsqY8yNWI9
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。