ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor GBP/USD Long-Term Trend: Bearish
Key Resistance Levels: 1.24623, 1.25619, 1.26980
Key Support Levels: 1.23908, 1.23325, 1.22892
Daily Chart:
The price on the higher time frame has been in a downtrend recently after it faced resistance at a level of 1.27865 and reversed the direction. The pair has continued to break a few support levels which suggests further trend continuation.
GBP/USD Medium-Term Trend: Bearish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.26980 and 1.25619 and has sustained below that. As of now the pair has broken and retested a minor level of 1.24623 before continuing the momentum,
Signal Idea:
Sell Stop Order @ 1.24325
TP @ 1.23986
Stop Loss @ 1.24719
Trade Safely 🙂
