Cable Expected To Be Rejected Below 1.23948

4 giu 2023

GBPUSD last week closed positive, however, the bearish undertone observed on the final trading day. This occurrence heightens the probability of the forthcoming trading week commencing on a downward trend. If the pair is rejected below 1.23948, the likelihood of a retest of the recently established high at 1.23948 increases.

In the event that the GBPUSD pair is not subjected to buying pressure or successfully breaches the specified level accompanied by a strong bearish candlestick, the pair is expected to dip further.

N.B!
- GBPUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades

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#cable