GBP/USD: Bearish Momentum Persists, Targeting Lower Structure
GBP/USDShortSwing2w ago1 views
Trade Setup
Entry Price
1.2630
Stop Loss
1.2723
Take Profit
1.2445
Risk : Reward
1 : 1.99
RiskReward
Market Structure and Technical Confluence
The current market for GBP/USD at 1.26114 continues to exhibit a clear bearish bias, as evidenced by the -0.31% change over the last 24 hours. Price action has been contained within the day range of 1.25535 and 1.26693, with continued pressure towards the downside. From a technical standpoint, the market is consistently printing lower highs, indicating seller dominance.
My analysis identifies the
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