GBPUSD - Heading downwards to a recent Support
GBPUSD is in a downtrend since last few sessions on 4H chart.
I see that it might go further down towards 1.3250 levels before it either bounce back up or moves further downward.
My thought is that short-term traders can sell it and exit around 1.3250 before planning the next move.
I see that it might go further down towards 1.3250 levels before it either bounce back up or moves further downward.
My thought is that short-term traders can sell it and exit around 1.3250 before planning the next move.
Trade ist aktiv:
As mentioned, GBPUSD has reached the 1.3250 level and now trading alongside the support level. I would wait for a move to happen on either of the sides before opening a new position.