GBPUSD Weekly analysis and available opportunities
A breakout must likely will happen :
1st Scenario : Breakout the descending trend now ,, then we will be looking for a buy signal above 1.38722 targeting 1.40000 & 1.41288
2nd Scenario : another lower low toward the daily low 1.36700 then to breakout the descending trend for better R:R ratio
over all i dont recommend to look for short positions in this time as a small recovery during this weak is highly expected before the big fall
1st Scenario : Breakout the descending trend now ,, then we will be looking for a buy signal above 1.38722 targeting 1.40000 & 1.41288
2nd Scenario : another lower low toward the daily low 1.36700 then to breakout the descending trend for better R:R ratio
over all i dont recommend to look for short positions in this time as a small recovery during this weak is highly expected before the big fall
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.