GBPUSD TECHNICAL ANALYSIS ON H1 TIMEFRAME
Publish Date : 2019/10/01 - 05:57

GBPUSD TECHNICAL ANALYSIS ON H1 TIMEFRAME


  • The pair has staged the expected bearish breakdown from the minor “Ascending Wedge” configuration after a reaction right at the predefined 1.2570/85 key pivotal resistance as per highlighted in our previous report. It has drifted down and met the short-term downside target/support of 1.2290.
  • Elements remain negative; we maintain the bearish bias with a key short-term pivotal resistance now at 1.2345 for a further potential push down to target the next supports at 1.2210/2170.

Source:forex.com

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