GBP/USD Intraday: capped by a negative trend line.
October 26, 01:41 AM (UTC+1)
Our preference: short positions below 1.3790 with targets at 1.3740 & 1.3720 in extension.
Alternative scenario: above 1.3790 look for further upside with 1.3810 & 1.3830 as targets.
Comment: as long as the resistance at 1.3790 is not surpassed, the risk of the break below 1.3740 remains high.
Supports and resistances:
Investment horizon: INTRADAY.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.