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.
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.

Kevin Cao
Trader
Hot content

Industry

Event-A comment a day,Keep rewards worthy up to$27

Industry

Nigeria Event Giveaway-Win₦5000 Mobilephone Credit

Industry

Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit

Industry

South Africa Event-Come&Win 240ZAR Phone Credit

Industry

Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit

Industry

[Nigeria Event]Discuss&win 2500 Naira Phone Credit

Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index

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.
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.