GBP/USD vulnerable after rejection near 1.3400

GBP/USD gets rejected at 1.3400 dual resistance. Momentum turns south as bears eye 1.3265. Risk: A close above 1.3375 invalidates the downside setup.
XM Group | 13 jam 8 menit yang lalu

Overview: GBP/USD opened the week under selling pressure after failing to clear dual resistance near 1.3400, which aligned with both its 50-day SMA and the 50% Fibonacci level. The rejection cuts short the pair's October rebound, tilting the short-term outlook firmly back in favor of sellers.

Momentum: The short-term bias is neutral-to-bearish, as the RSI seeks a break below its 50 neutral mark and the stochastic oscillator heads south.

Bearish scenario: Sellers could push price lower from current levels toward 1.3265. Sustained selling pressure there may shift focus to key support at 1.3190.

Risk: A close above 1.3375 would invalidate this bearish scenario.

XM Group
Tipe: Market Maker
Regulasi: FSA (Seychelles), FSC (British Virgin Islands), CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
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