Eye-Catching Heading:
Description:
GBP/USD has broken out of a falling wedge pattern, signaling a potential bullish continuation. The breakout aligns with strong momentum, and we are now observing a retracement before the next leg higher.
Key levels to watch:
Support Zone: 1.2880 - 1.2854 (marked in red)
Target Zone: 1.3068 (highlighted in green)
The price is currently in a pullback phase, which could offer a great buying opportunity before the next bullish wave towards the 1.3068 level. Confirmation of a higher low in the gray zone could validate further upside movement.
What are your thoughts on this setup
Description:
GBP/USD has broken out of a falling wedge pattern, signaling a potential bullish continuation. The breakout aligns with strong momentum, and we are now observing a retracement before the next leg higher.
Key levels to watch:
Support Zone: 1.2880 - 1.2854 (marked in red)
Target Zone: 1.3068 (highlighted in green)
The price is currently in a pullback phase, which could offer a great buying opportunity before the next bullish wave towards the 1.3068 level. Confirmation of a higher low in the gray zone could validate further upside movement.
What are your thoughts on this setup
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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.
Related publications
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.