08.02.2024 05:15 AM
For GBP/USD (British Pound/US Dollar), there's a potential bearish reversal scenario indicated by the following key levels:
Resistance Levels:
The 1st resistance level at 1.26386 is identified as "An Overlap resistance," suggesting a significant barrier where selling pressure could intensify, potentially leading to a reversal in the price trend.
The 2nd resistance level at 1.26820 is described as "Pullback resistance," indicating another level where sellers might be active, reinforcing the bearish sentiment.
Support Levels:
The 1st support level at 1.25331 is recognized as "Swing low
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