RLinda ! GBPUSD-> The downward break of the TrendLine. Falling?

GBPUSD is forming a downward price exit from the ascending price channel. The trading session opens with a slight decline in the currency pair by 0.70% to 1.1318
snapshot

In terms of technical analysis, we see a price exit from the formal ascending price channel, the weak boundaries may speak of the multi-valued further direction. The price is currently trading in a sideways range between 1.14900-1.09300. the price rests on the limit zone 1.14500-1.14900 and consolidates under the resistance zone, which may open further potential for a fall towards support

I assume that since the price is fixed under the previously broken line, which indicates a bearish market sentiment, then in the short and medium term, there may be a fall, I remind you that the global trend - bearish
  • Short term target - support at 1.11000
  • Medium-term target - liquidity area 1.09310


Regards R.Linda!
Chart PatternsForexforexnewsforexsignalsHarmonic PatternssignalssignalserviceTrend Analysis

🌹TRADING is a CASINO💔!?

NO‼️

You❗️CAN and ❗️SHOULD make money in trading!

Join me, I'll guide you to PROFITABLE TRADING💵!

🟢Free Telegram Channel:
t.me/RLindaTrade

🔴Contact:
t.me/RLindaSignals

🧿Web: rlinda.com
Również na:

Powiązane publikacje

Wyłączenie odpowiedzialności