GBPUSD/ BEARISH CHANNEL ACTIVE

Aktualisiert
Generally, the direction is a downtrend

Uptrend Side: The price needs to break the 1.2624 and then break out of the channel by closing a 4-hour candle above 1.2808 to potentially reach 1.2936.

Downtrend Side: However, as long as the price remains within the channel and below 1.2624, the bearish trend will remain active, targeting 1.2530 and, subsequently, 1.2433.

Tendency Keys: 1.2530
Trade ist aktiv
We are awaiting a break below this support level, as such a move would likely trigger a further decline. Notably, if a 1-day candle closes below this level, it could signal a significant shift toward a strong, prolonged downtrend.

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