GBPUSD encountered resistance after testing the 1.230 mark, and the short-term market fluctuated downward, and the bear trend prevailed. At present, we can pay attention to the resistance near 1.218, which is the downward trend line pressure and the pressure of the supply area. If the rebound encounters resistance, we can consider shorting. Below we pay attention to the 1.200 mark. If it falls below, it will form a double top pattern, and the market outlook will further decline.
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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.