GBPUSD completed another bearish pattern on Friday, confirming continued downward momentum. In my view, the bearish sentiment remains dominant, and further declines are likely in the coming week.
Technical Outlook
UK and US Inflation Data: Upcoming inflation figures will be crucial in determining the direction of GBPUSD. A stronger USD supported by hawkish expectations could accelerate the downside. A 4H candle close below 1.35000 would validate further bearish movement. targeting will be 1.34000 /Target: 1.33100
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Technical Outlook
UK and US Inflation Data: Upcoming inflation figures will be crucial in determining the direction of GBPUSD. A stronger USD supported by hawkish expectations could accelerate the downside. A 4H candle close below 1.35000 would validate further bearish movement. targeting will be 1.34000 /Target: 1.33100
If you like this idea if you have any Opinion about this GBPUSD analysis share in comments.
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Trade closed: target reached
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✅My Free Signals
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✅Join my Telegram Channel
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t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
Related publications
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.