Advertisement
Advertisement

GBP/USD Downtrend Continues Below M L3

By
Nenad Kerkez
Published: Mar 2, 2022, 11:37 GMT+00:00

The GBP/USD is moving down. We can see the confluence of the 1-2-3 pattern and the trendline.

GBP/USD Downtrend Continues Below M L3

GBP/USD Technical Analysis

  • GBP/USD continues down
  • 1-2-3 Pattern
  • Target is 1.3210

H4 Chart GBPUSD

  1. Point 1
  2. Point 2
  3. Point 3 of 1-2-3
  4. Target

The GBP/USD is moving down. We can see the confluence of the 1-2-3 pattern and the trendline. 1.3210 is the level to watch for. We can see that the price is going to possibly drop further towards the target. 1.3320 is the entry zone and the stops should go above the H4 highs. M L4 1.3210 is the strong support zone so pay attention.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

Advertisement