- GBP/USD target 1.2270 for the days ahead.
- GBP/USD bears need to get below 1.1900.
Forex markets are unforgiving and prices are two-way as volume kicks in again following the slow start to the week on Monday that was put down to a US holiday. GBP/USD rallied from a 50% mean reversion of Friday's bullish run and broke to 1.2150 on Tuesday, breaking a key resistance around 1.2050 which has invalidated the prior downside bias for the time being as the following top-down analysis will illustrate:
At the start of the week, it was shown in the following article that there was a case for lower due to the formation of the weekly head and shoulders:
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang