GBPUSD is currently consolidating within the range between 1.2875 and 1.2946. The price is attempting to move upwards, aiming to break above this range. If the bullish momentum continues and successfully surpasses the 1.2946 resistance level, the next resistance level would be at 1.3010. However, before continuing its bullish trajectory, the price may experience a corrective movement.
However, if the price breaks below the 1.2878 support level, it is expected to decline further towards the next support level at 1.2821.
Bullish target: 1.2944, 1.3008, 1.3081
Bearish target: 1.2821, 1.2821, 1.2682
However, if the price breaks below the 1.2878 support level, it is expected to decline further towards the next support level at 1.2821.
Bullish target: 1.2944, 1.3008, 1.3081
Bearish target: 1.2821, 1.2821, 1.2682
Trade active
The price rose and traded around my target resistance level of 1.3010 before reversing. Stability above the 1.2946 level will support further upward movement and may allow the price to break through the 1.3010 resistance.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.