GBP/USD Outlook Price is consolidation to move downside After Friday’s NFP release, GBP/USD climbed to 1.3600, a key resistance level that has repeatedly capped price in recent months. The 1.3600 area is a major supply zone, where price often struggles to sustain gains. Upside momentum looks exhausted, and the risk of reversal is increasing.
If selling pressure emerges at resistance, a corrective downtrend could unfold. and there First key support lies near 1.3450, with a deeper move potentially extending towards 1.3300.
You may find more details in the chart.
Trade wisely Best Of Luck.
Ps; Support with like and comments for better analysis.
If selling pressure emerges at resistance, a corrective downtrend could unfold. and there First key support lies near 1.3450, with a deeper move potentially extending towards 1.3300.
You may find more details in the chart.
Trade wisely Best Of Luck.
Ps; Support with like and comments for better analysis.
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Join My telegram Channel
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Related publications
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.