GBPUSD ahead of important macro data


The British pound has been weakening recently against the stronger dollar. The US currency is gaining strength against almost all of its currency pairs. Personally, I am happy about it for several reasons, but not about that now 😉 GBPUSD broke another support that I wrote about yesterday. Yesterday's assumptions were still in the game because they did not break the designated level that I showed in the picture. Currently, we consider the rate all the time in the form of declines because the trend line from the H1 interval (the downturn line drawn after the highs) has not been broken and the price resistance. In the case of further declines, I assume the level marked with dashes, this is the level of the support zone. At this point, I will look for long positions, provided that the chart gives us some signal to enter, because we are not catching lows or highs!




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Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: PL: By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets
Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: PL:

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