GBPUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): DOWN
Market Background (mid-term): WEAK
Supply/Demand: Recent Supply @ 1.2947
Support (nearest): 1.29219
Resistance (nearest): 1.31038
Next Event: HPI m/m (2h 59m)
Next High Impact Event: Core Durable Goods Orders m/m (1d 2h 29m)
Volatility: REGULAR (+9% avg.)
Daily Range (Expected): 1.2932 – 1.3027 / 70% of avg. daily range Completed


  • Recent Institutional Selling detected
  • Nearby Long-term Support at 1.2922


Everything is pointing on downtrend continuation. Weak background, big selling, except we have Nearby Long-term Support at 1.2922. So be careful with this one. It looks like the price is going to break it with big volume. So keep checking on it until you can confirm it.


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