GBP/USD Bullish Breakout Setup โ€“ Targeting 1.38000

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๐Ÿ“Š GBP/USD 1H Chart Analysis with Emojis

๐Ÿ”น Key Zones & Levels

๐ŸŸฆ Rejection Level Zone: 1.36400 - 1.36600
๐Ÿ”น Previously acted as resistance โ€” now being retested!
โš ๏ธ Watch for confirmation of support here

๐Ÿ”ต Demand/Entry Zone: 1.35192 - 1.35779
๐Ÿ’ฅ Strong bounce from this area suggests buyers are active here!

๐ŸŸฅ Stop Loss:
๐Ÿ“‰ Placed at 1.34552 ๐Ÿ”ป
๐Ÿ›ก๏ธ Below the demand zone = solid protection!

๐ŸŽฏ Target Zone:
๐Ÿ“ˆ Target Point: 1.38000
๐ŸŸฆ Final target range: 1.38047 - 1.38341
๐Ÿš€ Room for continuation if bullish pressure sustains

๐Ÿ“ˆ Technical Outlook

๐Ÿ“Š EMA 70 (currently at 1.35088):
โœณ๏ธ Price is above EMA = Bullish trend confirmation

๐Ÿงญ Trade Setup Plan

1๏ธโƒฃ ๐Ÿ“ Current Price: 1.36464
2๏ธโƒฃ ๐Ÿ” Wait for retest of the ๐Ÿ”น rejection zone
3๏ธโƒฃ โœ… If it holds: Enter LONG (white arrow path)
4๏ธโƒฃ ๐Ÿ›‘ SL: 1.34552 (๐ŸŸฅ zone)
5๏ธโƒฃ ๐ŸŽฏ TP: 1.38000 (๐Ÿš€ blue target zone)

โš–๏ธ Risk vs Reward

๐Ÿ”’ Risk: Limited to below demand zone
๐Ÿ“ˆ Reward: Breakout towards 1.38000+
๐Ÿ’น Bias: Strong Bullish ๐Ÿ“Š

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