GBP/USD Long-Term Trend: Bearish
Key Resistance Levels: 1.23767, 1.24135, 1.24740
Key Support Levels: 1.23412, 1.23136, 1.22959
The price on the higher time frame has been in a downtrend recently after it tested a resistance level of 1.25844 and reversed. The pair has continued to break a few support levels which suggests bearish bias.
GBP/USD Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.24740 and 1.24135 and sustained below that, As of now the pair has broken and retested a minor level of 1.23767 before continuing the momentum.
Sell Stop Order @ 1.23718
TP @ 1.23500
Stop Loss @ 1.23935
Trade Safely 🙂