GBPUSD dropping high chances

Jan 30

Hello traders!

What's your take on GBPUSD? Here's my technical outlook:

A break below current levels could see price testing:

1.23008 (primary support)
1.21204 (secondary support)

Resistance is expected around 1.24500.

To refine your trading strategy, also consider:

Incoming economic data
Market mood
Global events

Have you spotted any notable indicator patterns or divergences hinting at a potential bearish swing?

Looking at the M15 timeframe, we have a potential long opportunity. Consider placing a long position while following proper money management rules:



Use a proper stop loss
Set a suitable take profit

Your feedback is welcome!

If you appreciate this analysis, please show your support and follow me.

Best wishes Tom 😎

Jan 30

Trade active