GBPUSD Experiences Bearish Shift in Market Structure

Service for copy trading.

High profitable signals.

24/7 cryptocurrency trading.

10 minute setup with significant benefits.

79% Success rate.

Up to 40 trades per month.

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Market Analysis- May 22

GBPUSD price has struggled to rise to the resistance level of 1.2640. The supporting trendline which aided the ascent has been broken. GBPUSD price appears ready for a free fall!

GBPUSD Key Levels

Supply Levels: 1.2450, 1.2640, 1.2800
Demand Levels: 1.2260, 1.2020, 1.1800

GBPUSD Long-Term Trend: Bearish

GBPUSD Bulls made attempts to rise beyond the 1.2450 resistance level but failed twice in December and January. The strong bullish trend that emerged from the oversold region (as displayed on the Stochastic Oscillator) in November ended abruptly at the test of 1.2450. The sellers guarded the zone and utilized the opportunity to execute short orders.

The Parabolic SAR (Stop and Reverse) indicator guided Bulls in March to break the well-guided resistance zone. The Bulls revealed weakness at the supply level with the formation of the double bottom bearish reversal pattern and small-sized candles but eventually pushed through. 

GBPUSD Short-Term Trend

Buyers are now exhausted as the bullish order block of 1.2450 has failed to hold. The break of the bullish trendline is expected to cause a fall in price to 1.2260.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

• Broker
• Benefits
• Min Deposit
• Score
• Visit Broker

• 20% welcome bonus of upto $10,000
• Minimum deposit $100
• Verify your account before the bonus is credited

$100 Min Deposit

9

Trade Now

• Award-winning Cryptocurrency trading platform
• 14 Cryptoassets available to invest in
• FCA & Cysec regulated

$200 Min Deposit

9.8

Trade Now

Highly volatile unregulated investment products. No EU investor protection.

• Over 100 different financial products
• Invest from as little as $10
• Same-day withdrawal is possible

$250 Min Deposit

9.8

Trade Now

• The Lowest Trading Costs
• 50% Welcome Bonus
• Award-winning 24 Hour Support

$200 Min Deposit

9

Trade Now

• Award-winning Cryptocurrency trading platform
• $100 minimum deposit,
• FCA & Cysec regulated

$100 Min Deposit

9.8

Trade Now

• Fund Moneta Markets account with a minimum of $250
• Opt in using the form to claim your 50% deposit bonus

$250 Min Deposit

9

Trade Now