2025)
Current Price: 1.29391
Support Level: Around 1.29000
Resistance Level: Around 1.30500
Technical Analysis:
The chart suggests a bullish trend if price respects the support level.
A possible retracement to the support area is expected before an upward push.
If price holds above support, it could rally toward the resistance zone around 1.30500.
Outlook:
Bullish Scenario: If price remains above support, expect a breakout toward 1.30500.
Bearish Scenario: If price breaks below support, downside movement may occur.
Key Factors to Watch:
U.S. CPI Report – Inflation data could drive USD volatility.
Bank of England Statements – Any signals of policy shifts could impact GBP/USD.
Current Price: 1.29391
Support Level: Around 1.29000
Resistance Level: Around 1.30500
Technical Analysis:
The chart suggests a bullish trend if price respects the support level.
A possible retracement to the support area is expected before an upward push.
If price holds above support, it could rally toward the resistance zone around 1.30500.
Outlook:
Bullish Scenario: If price remains above support, expect a breakout toward 1.30500.
Bearish Scenario: If price breaks below support, downside movement may occur.
Key Factors to Watch:
U.S. CPI Report – Inflation data could drive USD volatility.
Bank of England Statements – Any signals of policy shifts could impact GBP/USD.
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.
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.