GBP/USD at a Decision Point: Breakout or Breakdown?
GBP/USD is currently trading around 1.24302, sitting at a key decision zone. This consolidation signals an upcoming major move, depending on whether GBP/USD breaks out or gets rejected.
✅ Bullish Outlook
If GBP/USD breaks and holds above 1.24481, it could trigger a strong rally toward:
1.24740 - 1.25023 (Major resistance zone)
A breakout above this zone may lead to further bullish momentum.
❌ Bearish Outlook
If GBP/USD fails to break above 1.24481 and faces rejection, it may drop toward:
1.24015 (First key support)
1.23455 (Critical support area for a deeper correction)
🔥 Key Takeaway
The 1.24481 - 1.24740 range is the decision point:
Breakout = Bullish Trend 📈 | Breakdown = Bearish Correction 📉
⚠️ Risk management is crucial – Always trade with caution and plan accordingly! 🚨
✅ Bullish Outlook
If GBP/USD breaks and holds above 1.24481, it could trigger a strong rally toward:
1.24740 - 1.25023 (Major resistance zone)
A breakout above this zone may lead to further bullish momentum.
❌ Bearish Outlook
If GBP/USD fails to break above 1.24481 and faces rejection, it may drop toward:
1.24015 (First key support)
1.23455 (Critical support area for a deeper correction)
🔥 Key Takeaway
The 1.24481 - 1.24740 range is the decision point:
Breakout = Bullish Trend 📈 | Breakdown = Bearish Correction 📉
⚠️ Risk management is crucial – Always trade with caution and plan accordingly! 🚨
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.