GBPUSD → The market maker's trap. Ready to go down ↓ ?

14 thg 6, 2024

GBPUSD is losing after a prolonged struggle for resistance. A major player does not let the market beyond 1.2800. On the background of the dollar growth, the currency pair may change the local trend



The fundamental background is unstable, the US dollar is still going through Wednesday, but based on the position of regulators the dollar looks ready to strengthen further, which is generally negative for GBPUSD. On D1, the area of 1.285-1.28 is worth watching. A major player is not still holding the barrier of limit resistance zones. After a shakeout and liquidity grab (trap from the market maker), the market is ready to go down as the current zones of interest are 1.258-1.257, 125.

Support levels: 1.271, 1.265
Resistance levels: 1.28

Technically, we should wait for a pre-breakdown consolidation and subsequent breakout of 1.271, or price consolidation below this area. Having received confidence and confirmation of readiness to decline, we can wait for the previously mentioned targets.

Regards R. Linda!

14 thg 6, 2024

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14 thg 6, 2024

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The market is closing below the level. Waiting for the continuation of the fall

16 thg 6, 2024

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Getting ready to go lower...

17 thg 6, 2024

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continue to hold.
The coin's going down

18 thg 6, 2024

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Price consolidates below 1.271

21 thg 6, 2024

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