GBPUSD is forming a counter-trend correction and pushing towards a liquidity zone, supported by recent USD weakness.
If price continues to rise amid USD softness, GBPUSD may test the resistance at 1.35500. A rejection or bearish price action from this resistance could trigger a pullback or continuation of the broader downtrend. The downside target remains near 1.32200, aligned with previous demand and potential liquidity zones.
You may find more details in the Chart.
Ps; Support with like and comments for more better analysis.
If price continues to rise amid USD softness, GBPUSD may test the resistance at 1.35500. A rejection or bearish price action from this resistance could trigger a pullback or continuation of the broader downtrend. The downside target remains near 1.32200, aligned with previous demand and potential liquidity zones.
You may find more details in the Chart.
Ps; Support with like and comments for more better analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.