GBP/USD Poised for a Bearish Breakout
מעודכן
The GBP/USD pair is navigating within a rising channel, currently trading around 1.2655. Despite its attempts to maintain bullish momentum, the chart suggests a weakening trend. Key resistance levels near 1.2670 have acted as barriers, with price rejections forming at these highs, as indicated by the red arrows.
The moving averages (EMA) reinforce the downside scenario, as price action struggles to stay above the mid-line of the channel. A failure to hold above 1.2650 could pave the way for a deeper correction. If a bearish breakout occurs, the next significant support lies near 1.2550.
For traders, watch for price action near the channel’s lower boundary. A break below this zone might confirm a shift in sentiment, targeting further downside. The overall outlook remains bearish unless the pair decisively reclaims the upper range of 1.2675.
The moving averages (EMA) reinforce the downside scenario, as price action struggles to stay above the mid-line of the channel. A failure to hold above 1.2650 could pave the way for a deeper correction. If a bearish breakout occurs, the next significant support lies near 1.2550.
For traders, watch for price action near the channel’s lower boundary. A break below this zone might confirm a shift in sentiment, targeting further downside. The overall outlook remains bearish unless the pair decisively reclaims the upper range of 1.2675.
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