Weak price action in the 4Hour chart could drag GBP/USD lower

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Hello everyone, we are seeing some weak price action in the 4Hour chart
which could bring the price closer to the 1.26 level.

📌GBP/USD rebounded almost 185 pips after hitting the lows at the 1.2550
level on Friday.

📌Also if you switch to the daily chart, you can see a high probability of a
reversal as GBP/USD is consolidating in the 100-day moving average region(daily
chart analysis is attached below)

📌So, even if GBP/USD reaches the 1.2550 level, I would consider that a buying
opportunity with immediate TP at 1.28

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.