GBP rebounded strongly, beware of traps!

GBP/USD

GBP/USD continued its technical correction rebound in the short period and climbed above 1.190.However, from the daily line, although GBP/USD has rebounded significantly, it is not enough to change the daily short trend, indicating that the overall trend of GBP/USD at a large level is still weak.In the 4-hour chart, the short-term sustained rebound caused the market to get rid of the weak downward channel and return to the previous level of the channel. Although it still belongs to the downward channel as a whole, the short-term weak market has been technically improved.

At present, there has been a decline in the rebound market, which proves that the upward momentum is gradually being consumed, but as long as it can be maintained at the position above 0.190, it is possible to challenge the position above 0.196. If 0.190 cannot be supported, the pair may fall again and touch the boundary position of the descending channel line.

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Dagangan aktif:

Pay attention to the trend channel and relative resistance level

Dagangan aktif:

Mainly observe whether the 1.190 position can be maintained

Dagangan aktif:

At present, it is still above 0.190. The position of 0.190 is a dividing line of strength and weakness. Pay attention to the gains and losses of this position