Hong Kong
2024-12-20 14:33
IndustryGBP/USD: Bearish Outlook Below Key Range
Recent Price Action
GBP/USD has fallen below the lower boundary of its previous 1.28–1.25 trading range, signaling increased bearish momentum.
Key Levels and Outlook
If the decline continues, the pair may target the 1.24–1.23 zone in the coming days.
To reverse the bearish trend, the currency pair must climb back into the 1.28–1.25 range.
Sell Opportunity (1.2530–1.240)
Consider selling near the upper end of the 1.2530–1.240 range, with a 30-point stop loss and a target at the lower end.
Strategy
Stay cautious at current levels, awaiting further confirmation of the next move—whether extending the decline or attempting a recovery.
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GBP/USD: Bearish Outlook Below Key Range
Hong Kong | 2024-12-20 14:33
Recent Price Action
GBP/USD has fallen below the lower boundary of its previous 1.28–1.25 trading range, signaling increased bearish momentum.
Key Levels and Outlook
If the decline continues, the pair may target the 1.24–1.23 zone in the coming days.
To reverse the bearish trend, the currency pair must climb back into the 1.28–1.25 range.
Sell Opportunity (1.2530–1.240)
Consider selling near the upper end of the 1.2530–1.240 range, with a 30-point stop loss and a target at the lower end.
Strategy
Stay cautious at current levels, awaiting further confirmation of the next move—whether extending the decline or attempting a recovery.
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