From TradingView · · 40s
GBPUSD Technical Analysis Update
GBPUSD drops 85+ pips as bearish momentum continues.
In brief
GBPUSD drops 85+ pips as bearish momentum continues. GBPUSD fell 85 pips below 1.3515 support with bearish momentum active. Originally reported by TradingView.
Current Price Action
The price is currently attempting to move lower.
Support and Resistance Levels
If it holds below the 1.3515 pivot level, it will target the support levels at 1.3460 and subsequently 1.3440.
Price Movement
The price of GBPUSD continued its decline, dropping by 85+ pips.
Bearish Momentum
Bearish momentum remains active in the market.
Technical Targets
If the price manages to rebound and break above 1.3515, the trend will turn bullish, targeting 1.3535.
At a glance
GBPUSD fell 85 pips below 1.3515 support with bearish momentum active.
