GBP/USD H4 | Bearish continuation expected

The premium article will be available in00:00:00

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

Fresh articles are available only to premium users

Read analytics in early access, getting information first

Pentru mai multe detalii, va invitam sa vizitati stirea originala.

No comments:

Post a Comment