GBP/USD: Possible Reversal from 1.27500 📉
The GBP/USD pair is approaching the multi-year resistance level of 1.27500. On the 4-hour chart, we see a potential formation of the fifth impulse wave. This wave is not yet complete, but there is a high probability of its termination around this level.
A significant correction may follow, providing an opportunity to consider short positions 🎯 with targets in the 1.25700–1.25 zone.
Keep an eye on confirming signals! 👀📊
The GBP/USD pair is approaching the multi-year resistance level of 1.27500. On the 4-hour chart, we see a potential formation of the fifth impulse wave. This wave is not yet complete, but there is a high probability of its termination around this level.
A significant correction may follow, providing an opportunity to consider short positions 🎯 with targets in the 1.25700–1.25 zone.
Keep an eye on confirming signals! 👀📊
Trade active
Trade closed: stop reached
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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.
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.