From TradingView · · 40s
GBPUSD Bottom Near
Pound may hit final drop before recovery starts.
In brief
Pound may hit final drop before recovery starts. GBPUSD could reach a weekly bottom around October 16 after recent selling pressure. Originally reported by TradingView.
Weekly Bottom Approach
The British pound is getting closer to an important weekly bottom after weeks of selling pressure.
Key Support Levels
Support levels include 1.3195, 1.31608, and 1.3135 for potential recovery zones.
Critical Daily Level
Price must close above 1.3274 on daily chart to signal recovery start.
October 16 Turning Point
The pound may see one last drop before a recovery begins around October 16.
At a glance
GBPUSD could reach a weekly bottom around October 16 after recent selling pressure.
