Technical analytics

GBPUSD market technical outlook


Daily chart:

Another bearish inside bar was formed yesterday at the tip of upswing. It explicitly speaks to weakening of buyers and high probability of corrective downswing launch.


Local structure doesn’t have clear trending direction. Thus we can expect start of new downswing from strong resistance zone 1.2504-1.2511 in direction 1.2431-1.2438. 


Touch of 1.2504-1.2511 and decline towards 1.2431-1.2438.

Trading recommendations:

Shorts from 1.2504-1.2511 to 1.2431-1.2438.


New articles