π·π΅ GBP/USD Potential For Accumulation
π·π΅ Nearest strong support zone: around the 0.382 fibo level of the downward wave.
π·π΅ Nearest strong resistance zone: around recent peaks.
π·π΅ Technical environment:
π Moving averages: Downtrend
π MACD: Uptrend
π RSI: Downtrend
π·π΅ Price action: GBP/USD Strongly bounced off the key level of 1.195. As you can see, this is a significant point on the chart. Looking at the behavior of the price on higher intervals, one can expect a continuation of the downward movement with a possible occurrence of a short accumulation before further declines.
π The scenario I'm playing out is a continuation of declines. 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.
π If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. π
π·π΅ Nearest strong support zone: around the 0.382 fibo level of the downward wave.
π·π΅ Nearest strong resistance zone: around recent peaks.
π·π΅ Technical environment:
π Moving averages: Downtrend
π MACD: Uptrend
π RSI: Downtrend
π·π΅ Price action: GBP/USD Strongly bounced off the key level of 1.195. As you can see, this is a significant point on the chart. Looking at the behavior of the price on higher intervals, one can expect a continuation of the downward movement with a possible occurrence of a short accumulation before further declines.
π The scenario I'm playing out is a continuation of declines. 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.
π If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. π
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π² To keep up to date with all my activities I invite you to visit my Telegram π²
π² www.t.me/Investmatez π²
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