Current Price: ~1.29848
Support Level: ~1.29600
Resistance Level: ~1.30100
Expected Movement:
The price may test the support level (~1.29600) before bouncing back.
If support holds, a bullish move toward 1.30100 is likely.
A break above 1.30100 could indicate further upside momentum.
Key Takeaways:
Bullish Outlook: As long as GBP/USD holds above 1.29600, an upward move is probable.
Bearish Risk: If 1.29600 support fails, further downside correction may occur.
Trade Consideration: Buy near support with a stop loss below 1.29600 and a target of 1.30100.
Support Level: ~1.29600
Resistance Level: ~1.30100
Expected Movement:
The price may test the support level (~1.29600) before bouncing back.
If support holds, a bullish move toward 1.30100 is likely.
A break above 1.30100 could indicate further upside momentum.
Key Takeaways:
Bullish Outlook: As long as GBP/USD holds above 1.29600, an upward move is probable.
Bearish Risk: If 1.29600 support fails, further downside correction may occur.
Trade Consideration: Buy near support with a stop loss below 1.29600 and a target of 1.30100.
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.