Cable Update (GBPUSD)

Today for GBPUSD price almost reached to TP1 but now its pulling back to EP level. Lets wait for tomorrow signal.

As for me, I have 1.3265 before 1.3320 as upside target. 1.3160/1.3170 is also a significant Support level .

However, the 4 hour trend is still bearish and we are already seating around liquidity.

Therefore, it is impossible for me to take any position bull or bear until price reveal it's real direction.

Have a restful weekend.

If look h4, it goes up for a moment, but channel h4 goes down, so it will go down, maybe in 1-2 day, it takes a lot of time to make this channel up.
1. 33500. Maybe. If Chanel h4 changes direction, maybe more than 1.33, 1.35.

Daily need correction up. New target daily 1.3050.

The GBPUSD price action on the H4 time frame is presently tackling the 1.31840 intra-day horizontal support. But the prevailing technical impulse favours bears more than bulls. So, we may still see further bearish price action to retest the 1.30840 longer-term horizontal support or an intra-day area of value.

I may be wrong. Trade safe and prosper.

KP

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