As I explained a few days back, GBPUSD reversed from resistance and confirmed the bearish case by breaking under the confluence support zone.
The market reached as low as 1.3450, before recovering part of the losses, with price currently hovering near the 1.3500 handle.
The key question now: is this just a corrective bounce, or the start of a deeper reversal?
From my perspective, the broader structure still favors the downside:
• The recent recovery looks corrective in nature, lacking strong bullish momentum.
• The previous confluence support is now acting as resistance.
• Macro factors and USD strength remain supportive of further GBP weakness.
As soon as this correction completes, I expect the bearish leg to resume, with 1.3200 remaining my downside target.
For traders, this means opportunities will likely appear on short setups after spikes into resistance, as long as 1.36 is not decisively reclaimed.
The market reached as low as 1.3450, before recovering part of the losses, with price currently hovering near the 1.3500 handle.
The key question now: is this just a corrective bounce, or the start of a deeper reversal?
From my perspective, the broader structure still favors the downside:
• The recent recovery looks corrective in nature, lacking strong bullish momentum.
• The previous confluence support is now acting as resistance.
• Macro factors and USD strength remain supportive of further GBP weakness.
As soon as this correction completes, I expect the bearish leg to resume, with 1.3200 remaining my downside target.
For traders, this means opportunities will likely appear on short setups after spikes into resistance, as long as 1.36 is not decisively reclaimed.
注释
The main direction of the market is still upward, but 3785 is the upward pressure point. It has not been successfully broken through 3785 for several hours. Obviously, this will be a pressure point. Therefore, gold will inevitably make a correction in order to rise better. The premise is that you need to learn to judge the support and resistance levels. We bought gold at 3756 today and took profit at 3785, and then sold gold at 3785 and completed the profit at 3760.交易开始
交易结束：到达目标
A long-established channel that has helped many people. Join me to get free signals, free advice, and free compensation if problems arise.
t.me/+rW3z9OS4G_s2NWIx
t.me/+rW3z9OS4G_s2NWIx
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。
A long-established channel that has helped many people. Join me to get free signals, free advice, and free compensation if problems arise.
t.me/+rW3z9OS4G_s2NWIx
t.me/+rW3z9OS4G_s2NWIx
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。