GBP/USD two main support levels? want to know then read caption.
Hello trading view family I have come with GBP/USD setup in analysis chart, what are your opinions about it share it in comment section.
More details are given below read them..
1. Resistance Zone: Highlighted in red near the 1.23500 price level, with red arrows indicating potential selling pressure if the price approaches this zone.
2. Support Levels:
Support Level 1: Marked in green near the 1.21700 price level, indicating a zone where buyers might step in.
Support Level 2: Located lower, near the 1.20660 price level, suggesting another possible area of strong buying interest.
3. Current Price: The live price is displayed at 1.21996, with a slight upward movement (+0.02%).
4. Potential Price Movements: Arrows on the chart indicate possible upward bounces from the support levels, heading toward the resistance zone.
5. Candlestick Patterns: The chart is composed of candlesticks, representing price action over 4-hour intervals.
This analysis outlines areas of interest for traders, focusing on key price zones where reactions might occur.
Key levels:
Support levels: 1.21700 and 1.20660
Resistance: 1.23500
Target is 1.23200
Kindly support me like comment and share.
More details are given below read them..
1. Resistance Zone: Highlighted in red near the 1.23500 price level, with red arrows indicating potential selling pressure if the price approaches this zone.
2. Support Levels:
Support Level 1: Marked in green near the 1.21700 price level, indicating a zone where buyers might step in.
Support Level 2: Located lower, near the 1.20660 price level, suggesting another possible area of strong buying interest.
3. Current Price: The live price is displayed at 1.21996, with a slight upward movement (+0.02%).
4. Potential Price Movements: Arrows on the chart indicate possible upward bounces from the support levels, heading toward the resistance zone.
5. Candlestick Patterns: The chart is composed of candlesticks, representing price action over 4-hour intervals.
This analysis outlines areas of interest for traders, focusing on key price zones where reactions might occur.
Key levels:
Support levels: 1.21700 and 1.20660
Resistance: 1.23500
Target is 1.23200
Kindly support me like comment and share.
Note
It has reached the support it will get up from here
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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.
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.