GBP/USD Breakdown – Bearish Momentum Gaining Strength!
Analysis & Description:
The GBP/USD pair has broken out of an **ascending trendline**, signaling a potential **trend reversal** to the downside. The price is currently trading near the **1.25986 support level**, with bearish pressure increasing.
#### **Key Observations:**
🔻 **Trendline Break:** The price failed to sustain the bullish trend, leading to a downside correction.
🔻 **Lower High Formation:** Price action suggests a potential continuation of the **bearish structure**.
🔻 **Bearish Targets:** The next support levels to watch are **1.25012** and **1.24020**, which align with past price action.
### **Trading Plan:**
📉 **Bearish Scenario:**
- If the price **fails to reclaim 1.25986**, expect further downside toward **1.25012** and **1.24020**.
- A potential **pullback to retest resistance** before further decline is possible.
⚠️ **Bullish Risk:**
- If the price **reclaims 1.26510**, it could invalidate the bearish setup and resume the previous uptrend.
### **Final Thought:**
GBP/USD is at a **critical breakdown level**, and traders should watch for a potential **pullback or continuation** before entering trades. Stay cautious and manage risk wisely! 🚨📊
The GBP/USD pair has broken out of an **ascending trendline**, signaling a potential **trend reversal** to the downside. The price is currently trading near the **1.25986 support level**, with bearish pressure increasing.
#### **Key Observations:**
🔻 **Trendline Break:** The price failed to sustain the bullish trend, leading to a downside correction.
🔻 **Lower High Formation:** Price action suggests a potential continuation of the **bearish structure**.
🔻 **Bearish Targets:** The next support levels to watch are **1.25012** and **1.24020**, which align with past price action.
### **Trading Plan:**
📉 **Bearish Scenario:**
- If the price **fails to reclaim 1.25986**, expect further downside toward **1.25012** and **1.24020**.
- A potential **pullback to retest resistance** before further decline is possible.
⚠️ **Bullish Risk:**
- If the price **reclaims 1.26510**, it could invalidate the bearish setup and resume the previous uptrend.
### **Final Thought:**
GBP/USD is at a **critical breakdown level**, and traders should watch for a potential **pullback or continuation** before entering trades. Stay cautious and manage risk wisely! 🚨📊
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.