One can apply various methods of analysis and have different outcomes, below are some price zones as a guide and all are probable targets.
Prices do not move in a straight line therefore it could be a few hour/days/weeks or months to get to these price zones.
GBPUSD is in an uptrend and depending on how one looks at the price, upside resistance as follows:
PZ 1=13200-13350 (point D) then price could consolidation lower
Exceeding or consolidation at PZ1 then price will extend to the next zone:
PZ 2= 13638-13855 (point D) price could consolidate lower
Exceeding or consolidation at PZ1 then price will extend to the next zone:
PZ 3= 14365-14400 (point D)
Prices do not move in a straight line therefore it could be a few hour/days/weeks or months to get to these price zones.
GBPUSD is in an uptrend and depending on how one looks at the price, upside resistance as follows:
PZ 1=13200-13350 (point D) then price could consolidation lower
Exceeding or consolidation at PZ1 then price will extend to the next zone:
PZ 2= 13638-13855 (point D) price could consolidate lower
Exceeding or consolidation at PZ1 then price will extend to the next zone:
PZ 3= 14365-14400 (point D)
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Related publications
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.