GBPUSD: BEARS STRONG , SELLING OPPORTUNITY AHEAD !
GBPUSD - OUTLOOK
Bearish Scenario:
Confidently expect a continued downward trend as long as the price remains below 1.28620, with a projected decline to 1.26175. Further downward movement below this level may lead to the price reaching 1.24679.
Bullish Scenario:
In order to signal a shift to a bullish trend, the price must decisively surpass and maintain stability above 1.29035, with potential target levels at 1.30000.
Tendency: Bearish trend
In summary, a position below 1.28620 strongly supports a bearish outlook, with a focus on lower support targets. Conversely, confidently trading above 1.29035 may suggest a bullish reversal, targeting higher resistance levels.
Bearish Scenario:
Confidently expect a continued downward trend as long as the price remains below 1.28620, with a projected decline to 1.26175. Further downward movement below this level may lead to the price reaching 1.24679.
Bullish Scenario:
In order to signal a shift to a bullish trend, the price must decisively surpass and maintain stability above 1.29035, with potential target levels at 1.30000.
Tendency: Bearish trend
In summary, a position below 1.28620 strongly supports a bearish outlook, with a focus on lower support targets. Conversely, confidently trading above 1.29035 may suggest a bullish reversal, targeting higher resistance levels.
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