GBP/USD reaches resistance, possibility of a drop?
GBP/USD has reached the 1.40 resistance level on Friday, However, it has not broken
the resistance level so far.
So, there is a possibility of a fall in GBP/USD.
If bearish price action happens in the resistance level, sell GBPUSD@1.3990-1.4005
with SL above the resistance zone and TP at 1.39.
the resistance level so far.
So, there is a possibility of a fall in GBP/USD.
If bearish price action happens in the resistance level, sell GBPUSD@1.3990-1.4005
with SL above the resistance zone and TP at 1.39.
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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.
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.