469
I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

GBP/USD: "V-Bottom" has stopped the decline

GBP/USD: "V-Bottom" has stopped the decline

The price faced a support on the 89 Moving Average, which stopped bears. However, the current downtrend is likely going to move on, so we should keep an eye on the nearest support at 1.4343 – 1.4305. Therefore, a bullish correction becomes possible afterwards.

GBP/USD: "V-Bottom" has stopped the decline

There's a flat in progress under the Moving Averages. It's likely that the market is going to reach a resistance at 1.4406 during the day. At the same time, bears still have enough power to deliver a new low subsequently.

GBP
Scroll to top