We’ve just received a fresh BUY signal on the GBP/USD pair following a bullish bounce from the 1.24600 (0.5 Fibonacci retracement) level.
🔍 Key Highlights:
✅ Fibonacci Retracement levels plotted from the 2020 low to the 2021 high show strong technical alignment.
📈 Buy Entry Triggered: Momentum turned bullish after price reclaimed the mid-Fib zone.
📉 Previous resistance near 1.28786 (Fib 0.618) could act as short-term resistance.
📊 VPAO, volume alignment, and trend indicators show rising accumulation.
🎯 Targets:
1.3180 — short-term
1.4234 — long-term retracement high
1.6426 — Fibonacci extension (1.618 level)
🛡️ Stop suggestion: Below recent swing low around 1.2460
This setup suggests growing confidence in GBP strength vs USD. We’ll be monitoring closely for volume confirmation and potential continuation into Q2 2025.
🔍 Key Highlights:
✅ Fibonacci Retracement levels plotted from the 2020 low to the 2021 high show strong technical alignment.
📈 Buy Entry Triggered: Momentum turned bullish after price reclaimed the mid-Fib zone.
📉 Previous resistance near 1.28786 (Fib 0.618) could act as short-term resistance.
📊 VPAO, volume alignment, and trend indicators show rising accumulation.
🎯 Targets:
1.3180 — short-term
1.4234 — long-term retracement high
1.6426 — Fibonacci extension (1.618 level)
🛡️ Stop suggestion: Below recent swing low around 1.2460
This setup suggests growing confidence in GBP strength vs USD. We’ll be monitoring closely for volume confirmation and potential continuation into Q2 2025.
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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.