Should we witness a close below the support line price may try and reach levels around 1.49 which would be a continuation of the bearish movement started on November 19.
On the other hand, as we can see prices are trying to hold onto the level of support and if they manage to bounce from there we can have a green light to go to 1.5370.
It is important to follow what price will do today and on Monday.
Have a beautiful weekend, everyone.
Chart: GBPUSD D1
Great analsyis, thanks for sharing!
ReplyDeleteWell spotted! Thanks for sharing it.
ReplyDeleteThank you for the analysis, I will keep it in mind!
ReplyDeleteNice bearish channel.
ReplyDeleteWell done, thank you for the interesting analysis.
ReplyDeleteBearish trend seems continue.
ReplyDelete