GBP to USD:
GBPUSD D1 chart, close on Friday with evening star? Long-term bulls can now focus on whether today’s candlestick chart will close with a black candlestick. If it closes with a black candle today, there is a very high possibility that it will continue to fall.
H1 chart, Fibonacci backtesting last week hit the 0.618 gold position and the price will have a high probability of continuing to fall. The current challenge for GBP/USD will be the support level below. If there is a way to break out of the GBP/USD it will make another new low.
Conservative-seeking traders can wait for a breakout of support to go short.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.