British Pound / U.S. DollarUpdated GBPUSD FUTURE OPPORTUNITIES
Hello Traders,
In the above analysis: I'm showing the both scenario may happen on GBPUSD pair with the help of simple SUPPORT/RESISTANCE.
Where,
GBPUSD is on a sideways from last 15 day at range of 1.42340 to 1.40990. So the analysis says: if it'll break this resistance(1.42340) then we will see a new high on GBPUSD after 3 years of downtrend or if it fail to break resistance & came below support (1.40990) then next target will be 1.40290.
You can use this analysis on intraday & swing both. Use proper risk management if enter.
Best of Luck
Happy trading
In the above analysis: I'm showing the both scenario may happen on GBPUSD pair with the help of simple SUPPORT/RESISTANCE.
Where,
GBPUSD is on a sideways from last 15 day at range of 1.42340 to 1.40990. So the analysis says: if it'll break this resistance(1.42340) then we will see a new high on GBPUSD after 3 years of downtrend or if it fail to break resistance & came below support (1.40990) then next target will be 1.40290.
You can use this analysis on intraday & swing both. Use proper risk management if enter.
Best of Luck
Happy trading
Trade closed: target reached
SHORT TARGET REACHED
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.