Navigating GBPUSD unveiling the Resistance zone
It sounds like you're analyzing the GBP/USD currency pair with specific focus on recent price levels and potential future movements. Here's a breakdown of your analysis and some additional context:
Breakout from 1.2743: This suggests that the GBP/USD pair has moved above the 1.2743 level, which you likely consider a significant breakout point.
Resistance at 1.27020: This level likely acted as a previous resistance that the price has overcome, confirming the bullish sentiment.
Next resistance at 1.27750: After breaking the 1.2743 level, you're identifying 1.27750 as the next key resistance level that traders should watch.
Bullish sentiment: The overall tone of your analysis suggests that the market is currently bullish, meaning you expect the price to continue rising.
"Dancing to the target": This phrase indicates that the price is moving towards the next target or resistance level, which you have identified as 1.27750.
Trade closed: target reached
It sounds like you successfully predicted the bullish movement of the GBP/USD pair, with your target of 1.27750 being hit. Congratulations on the successful tradetraders if you liked this chart so write your opnion in comments thanks
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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.