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Recently, The GBP/USD pair managed to climb above 1.2600 and tried to advance toward 1.2900 and target around 1.3200.
Moreover, the GBP/USD had long-term higher targets around 1.3300 if sufficient bullish momentum was maintained.
However, the GBP/USD pair has shown signs of bearish rejection just below 1.3200, initiating the recent bearish movement.
After bearish closure below the price level of 1.2800 on a H4 candlestick, it continued to fall toward 1.2500 where the depicted uptrend line comes to meet a significant Fibonacci Level.
This should be considered for Intraday traders as a valid BUY Entry with Stop Loss to be placed just below 1.2500.
This scenario was just supported with the recent bullish rejection manifested in Yesterday's daily candlestick.
On the other hand, if the pair manages to break and persist below 1.2500, further bearish decline should be expected at least towards 1.2400 and probably 1.2200.
*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।
