The Pound Sterling this year has been bullish with the decline of the US Dollar. GBPUSD made new highs at 1.37039 and has recently seen selling pressure to 1.35549.
The daily chart shows us that GBPUSD has rejection wicks and making lower highs continuing the bearish momentum. Last week, it found some daily support around 1.35300.
Friday however, closed with a Bearish Pin Bar candlestick suggesting the Pound may still drop further next week
Support levels are 1.34300, 1.33050, and 1.31300
The daily chart shows us that GBPUSD has rejection wicks and making lower highs continuing the bearish momentum. Last week, it found some daily support around 1.35300.
Friday however, closed with a Bearish Pin Bar candlestick suggesting the Pound may still drop further next week
Support levels are 1.34300, 1.33050, and 1.31300
Thank you,
Stock Sniper Trading
Stock Sniper Trading