GBP/USD faces strong hurdle at resistance, possibility of a fall
GBP/USD bulls tried to break the 1.4230 resistance level but failed to
do so. So, there is a possibility of a drop in GBP/USD in the coming days.
The last daily candle is a bearish one with a long wick at the top. So, for the
time being, the sellers have gained control.
If this continues, there is a likelihood of GBP/USD reaching 1.40 or even lower
in the next few days.
A sell entry@1.4160-1.4210 with SL above 1.43 and TP at 1.3830 is a possible sell
signal if bearish price action in the lower TFs continue.
do so. So, there is a possibility of a drop in GBP/USD in the coming days.
The last daily candle is a bearish one with a long wick at the top. So, for the
time being, the sellers have gained control.
If this continues, there is a likelihood of GBP/USD reaching 1.40 or even lower
in the next few days.
A sell entry@1.4160-1.4210 with SL above 1.43 and TP at 1.3830 is a possible sell
signal if bearish price action in the lower TFs continue.
