GBP/USD Price Outlook| Contradictory signals in daily chart
GBP/USD pulled back from the Supply Area with a bearish pinbar candlestick formation in the daily chart. However, it was followed with a bullish hammer candlestick on Friday.
Due to this the outlook remains neutral.
I am looking at the 1.2450 key level. If bears break this key level, then we can expect a continuation of the downtrend. So, sellers must wait for a confirmation before putting new sells.
Due to this the outlook remains neutral.
I am looking at the 1.2450 key level. If bears break this key level, then we can expect a continuation of the downtrend. So, sellers must wait for a confirmation before putting new sells.
