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Recently, the GBPUSD pair looked overbought while consolidating around the price-levels of 1.3700.
Sideway movement with slight bullish tendency was recently demonstrated while approaching these price levels around 1.3700-1.3750.
Bearish pullback was recently demonstrated. However, the GBP/USD pair has failed to maintain bearish decline.
Instead, Another temporary bullish movement was expressed above the previous WEEKLY High (1.3700).
Further upside movement was expected towards the upper limit of the current movement channel around 1.4000 where bearish rejection and a possible SELL Entry are suggested.
Short-term outlook can turn into bearish if only the GBP/USD pair could break below and maintain movement below 1.3900.
If so, a quick bearish decline towards 1.3400 would be expected.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
