GBPUSD Technical Analysis
GBP technically looks under pressure since it has just broken a significant support level. The downtrend motivates a selling pressure but wait for a pullback if all goes well and GBPUSD pulls back then wait for the candlestick pattern to signal a short position. Additionally, technical indicators will be helpful in opening a position. The strategy best suits on H1 or 30M chart.
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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.