π·π΅ Nearest strong support zone: around the 0.236 fibo level of the upward wave.
π·π΅ Nearest strong resistance zone: around local peaks.
π·π΅ Technical environment:
π Moving averages: Downtrend
π MACD: Uptrend
π RSI: Uptrend
π·π΅ Price action: GBP/USD It has found itself in an interesting place, on the one hand we are facing the prospect of a long-term continuation of the uptrend and on the other a medium-term continuation of the downtrend due to the current lack of upside strength that the pound has manifested over the past month. Therefore, I expect to execute from the current price ceiling to score a continuation of declines after which I will continue to watch for the possibility of a continuation of increases.
π The scenario I play out is the execution of a downward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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