British Pound / U.S. DollarUpdated GU - Downward Channel
Post break from H-Channel, around 1.2254 and Fibb support lvls of 1.2235 & 1.2207 – GU pair is moving within a downward trend channel (70pips apart).
Next resistance is at 1.2179. Overall immediate outlook looks bearish unless the pair moves out from this channel or breaking from resistance lvl around 1.2235 (immediate at 1.2215)
Next resistance is at 1.2179. Overall immediate outlook looks bearish unless the pair moves out from this channel or breaking from resistance lvl around 1.2235 (immediate at 1.2215)
Note
...channel / resistance broken...currently @ 1.2227, though strong Fibb resistance @ 1.2235/37Note
one can look at Buy GU at around 1.2237/40 for a 20+ pip immediate gain
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.