GBPUSD → Negative fundamental backdrop could break the trend

10 Haz

GBPUSD is bumping into a strong limit resistance zone lined up by sellers. As the fundamental background changes, the bears are strengthening their positions. An impulsive downward movement is forming in the market



The opening session is formed with a gap on D1, in general this is rare in the forex market, but indicates potential. We are interested in the level of 1.271. A break of this area will be a trigger for a fall, because, in general, the short and medium-term outlook based on the fundamental background is predetermined.
Most likely, the first test of the support area will be followed by a bounce, but a retest of the support will strengthen the chances of a breakout and further decline to our target.

Resistance levels: 1.28
Support levels: 1.271, trend support

In the long term, we are waiting for a test of support and market reaction to the mentioned area. The local trend may be broken. Consolidation of the price in the selling zone will be the confirmation.

Regards R. Linda!

10 Haz

Not

A pre-breakdown consolidation is forming

10 Haz

Not

A rebound from support is forming

11 Haz

İşlem aktif

Consolidation is forming, but the pair is not going up yet