GBPUSD Watchout level defined

28 nov 2021

GBPUSD
Watch out level is presented here for either side of trend
Indications for either Bulls or Bears have been mentioned on chart
My view is to watch out 0.382 Fib level (1.33699). Then decide accordingly. If sustained this level, it might be the end of downward trend.
Price may retrace down before start uptrend, as slight divergence is observed on 1H RSI(14).

On 1D timeframe, morning star appeared followed by spinning top, at 1D trendline support. The pair is moving in 1D channel S&R. Currently it took support from 1D trendline, but still it is at key area of value around 1.33488.

If it continues downward trend, then further support might be around 1.31933.

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Thanks