Bearish price action in the resistance level, GBP/USD may fall
Hello traders, in my previous GBP/USD idea, I recommended selling
GBPUSD in the 1.4210 resistance level( previous idea attached below).
Currently, the bearish price action is gaining momentum in the said resistance level.
We are getting multiple daily candles with wicks at the top which indicates that
sellers are slowly gaining control.
So, if this bearishness persists, look for sells in the resistance level between
1.4165-1.4220 with SL above 1.4257 and initial TP at 1.3950.
GBPUSD in the 1.4210 resistance level( previous idea attached below).
Currently, the bearish price action is gaining momentum in the said resistance level.
We are getting multiple daily candles with wicks at the top which indicates that
sellers are slowly gaining control.
So, if this bearishness persists, look for sells in the resistance level between
1.4165-1.4220 with SL above 1.4257 and initial TP at 1.3950.
