The GBP/USD has broken lower through the major 1.5000 psychological level as the 15, 30, and 60-minute intraday time frames are showing a mark-down cycle. The initial break accelerated through 1.5030.
GBP/USD 1 hour
Summary
Target Level 1.500031
Target Period 1 hour
Stop Level 1.5068
Analysis
Descending Triangle has broken through the support line at 30-Jun 08:45 GMT. Possible bearish price movement forecast for the next 1 hour towards 1.500031
Supporting Indicators
Downward sloping Moving Average
Resistance Levels
(A) 1.5068 Last resistance turning point of Descending Triangle
Chart date range 29-Jun 21:30 GMT-> 30-Jun 09:45 GMT
Data Interval 15 Minutes
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.
