Bitcoin at $83K – Is This the Calm Before the Next Surge or a TrBTC/USD Daily Technical Outlook – April 9, 2025
Bitcoin is currently consolidating just below the psychological $85,000 level after a historic bull run that pushed price to fresh all-time highs. The market is cooling off — not crashing — with price action forming a high-tight flag, often a continuation signal after a vertical move.
However, with momentum slowing and volatility compressing, traders must prepare for a major breakout or breakdown in the coming days.
📈 Trend Structure:
BTC/USD remains in a strong bullish trend. Since the breakout above $69,000 (previous ATH from 2021), the rally has been aggressive and directional — barely giving bears a chance to breathe.
Price has formed a series of higher highs and higher lows, respecting a steep ascending trendline since early February. But now, the pair is coiling near the highs, forming a tight range between $80,000 and $83,500.
🔹 Key Resistance Zones:
$83,500 – $85,000: Immediate resistance; this area has capped price multiple times in recent sessions. A daily close above this zone could trigger the next leg higher.
$88,000: Near-term bullish target based on measured move from recent consolidation.
$90,000 – $92,000: A psychological milestone — and a possible magnet for price if bulls break out cleanly.
🔸 Key Support Zones:
$80,000: Round number support — the floor of the current consolidation.
$76,500: Previous breakout zone and minor demand area.
$72,000 – $74,000: Major support and ideal re-test level if BTC corrects — where many sidelined bulls are likely waiting to buy in.
📐 Technical Pattern:
Bitcoin is forming a high-tight flag — a bullish continuation pattern typically found after strong vertical rallies. The range is tightening, volume is dropping, and volatility is compressing — classic signs that a volatility expansion is coming soon.
A breakout above $83,500–85,000 would confirm the flag and likely ignite a sharp move to FWB:88K or higher. On the flip side, a breakdown below $80K could send price to retest $76.5K or even $74K — which would still be healthy within the broader trend.
🧭 Scenarios to Watch:
✅ Bullish Scenario:
A breakout and daily close above $85,000 would confirm the continuation pattern, targeting $88,000 first, then $90,000+. Volume and candle structure will be key to confirming the move.
❌ Bearish Scenario:
If price fails to break out and instead drops below $80,000, a correction could unfold toward $76,500 or even $74,000 — presenting a potential re-entry opportunity for long-term bulls.
📌 Conclusion:
Bitcoin is trading near all-time highs in a classic consolidation phase. Price action favors the bulls, but the breakout hasn’t confirmed — yet. Whether BTC breaks above $85K or drops below $80K will likely define the next major swing.
As always, let the candles tell the story — and don’t chase, wait for confirmation.
💬 Are we about to see Bitcoin above $90K? Or is this distribution in disguise? Drop your thoughts 👇
Forex
Falling towards 61.8% Fibonacci support?EUR/JPY is falling towards the pivot which has been identified as a pullback support and could bounce tot he 1st resistance which acts as a pullback resistance.
Pivot; 160.52
1st Support: 159.67
1st Resistance: 162.16
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rise?EUR/GBP has bounced off the pivot and could rise to the 1st resistance which lines up with the 50% Fibonacci retracement.
Pivot: 0.8524
1st Support: 0.8493
1st Resistance: 0.8589
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off pullback support?AUD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 89.50
1st Support: 87.82
1st Resistance: 93.06
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?AUD/NZD is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.09400
1st Support: 1.08854
1st Resistance: 1.10183
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rise?MZD/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 82.77
1st Support: 81.64
1st Resistance: 84.63
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish bounce?NZD/USD is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 0.5613
Why we like it:
There is a pullback support level.
Stop loss: 0.5551
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 0.5707
Why we like it:
There is a pullback resistance level that is slightly below the 161.8% Fibonacci retracement.
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Could the Aussie reverse from here?The price is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6206
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.6321
Why we like it:
There is a pullback resistance level.
Take profit: 0.6067
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish reversal off pullback resistance?USD/CHF is rising towards the resistance level which is a pullback resistance that is slightly above the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8617
Why we like it:
There is a pullback resistance that is slightly above the 50% Fibonacci retracement.
Stop loss: 0.8673
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 0.8478
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that is slightly below the 161.8% Fibonacci extension and could bounce from this level to our take profit.
Entry: 1.4047
Why we like it:
There is a pullback support level that is slightly below the 161.8% Fibonacci extension.
Stop loss: 1.3993
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci projection.
Take profit: 1.4159
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Take profit: 1.4159
Why we like it:
There is a pullback resistance level.
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30-minute candlestick chart on Gold (XAU/USD)Market Structure Labels:
CHoCH: Change of Character – indicates a shift in trend direction.
BOS: Break of Structure – confirms a continuation in trend direction.
Price Zones:
Supply Zone (Red Rectangle): Price area near the 3,114 level, where selling pressure may exist.
Demand Zones (Blue Rectangles): Areas around 3,052 and 2,950 levels where buying pressure may step in.
EQH (Equal Highs): Indicates potential liquidity resting above that high, possibly a target for price.
Weak Low: Marked below 2,950, suggesting it's vulnerable and may be swept.
Current Price Action:
Price is currently at 3,082, up 3.35% for the session.
A recent CHoCH to the upside, followed by a BOS, suggests bullish intent.
The price appears to be pulling back into a smaller demand zone (~3,064–3,052 area).
Forecasted Move (Blue Arrow):
The trader anticipates a short-term dip into the highlighted demand zone.
After tapping into demand, price is expected to bounce and move back up toward the supply zone, potentially testing or breaking the EQH around 3,114.
Trade Setup (Marked Zone):
Entry Zone: Around the demand area (~3,064–3,052).
Target Zone: Toward the top red zone (~3,114).
Risk Zone: Below 3,052.
AUD_NZD POTENTIAL SHORT|
✅AUD_NZD is going up now
But a strong resistance level is ahead at 1.094
Thus I am expecting a pullback
And a move down towards the target at 1.086
SHORT🔥
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NZD_USD SHORT FROM RESISTANCE|
✅NZD_USD will soon retest a key resistance level of 0.5680
So I think that the pair will make a pullback
And go down to retest the demand level of 0.5620 below
SHORT🔥
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EURUSD: Channel Down topped. Huge sell ahead.EURUSD corrected the previously overbought levels on its 1D technical outlook (RSI = 60.799, MACD = 0.009, ADX = 25.183) and 1W is expected to follow suit as the price is making a double rejection at the top of the 2 year Channel Down. We anticipate a new -9.25% long term bearish wave to begin (TP = 1.01300).
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GBP_USD SUPPORT CLUSTER|LONG|
✅GBP_USD is going down
To retest a strong support
Cluster of the rising and
Horizontal support levels
So a local rebound is to be
Expected but its a risky
Setup given the general
Volatility on the market
So use small lot size
LONG🚀
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XAUUSD BUY TARGET SUCCESSFUL HITTING READ IN CAPTIONSHere's a descriptive analysis of the chart you provided, which is a technical analysis chart for Gold (CFDs on Gold, USD/OZ) as of April 9, 2025:
---
Chart Description: Gold (XAU/USD) Price Action Analysis
Time Frame: Intraday (Likely 1-hour or 2-hour candles)
Volume: Displayed at the bottom in green/red bars, showing buying and selling pressure.
Key Highlights:
1. Downtrend Channel:
The price has been moving within a downward channel (marked by red and blue trendlines).
Several lower highs and lower lows were observed until a breakout occurred.
2. Support and Resistance Levels:
Support Level: Around 2,974.936 – This acted as a solid base before the bullish reversal.
Resistance Zone: Around 3,132.939 - 3,137.725 – This area is expected to be a stron…
CREDIT CRISISWe are beginning to see evidence of a credit crisis starting. low demand for US bonds can trigger a currency crisis for the USD, higher rates will lead to refinancing company problems (especially with all the zombie companies that should have blown up over a decade ago.) and major economic depression-style job losses.
Currently, we are very early stages but things are moving at lightning speed on a macroeconomic level.
I know this is likely gibberish to most here pon trading view but it is of MASSIVE importance to your trading and investing.
CAUTION IS IN ORDER!!
Click boost, follow, and subscribe! I can help you navigate these crazy times.
AUDCAD Excellent Channel Down bottom opportunity.The AUDCAD pair has been trading within a long-term Channel Down since the January 26 2023 High and the recent Trade War fueled sell-off took the price almost on its bottom (Lower Lows trend-line).
The 1D RSI got vastly oversold at 14.00 and a bottom is to be expected within the next 2 weeks. Still, this level is low enough to be considered a solid long-term buy opportunity already. The previous bottom rebound targeted initially the 0.5 Fibonacci retracement level, so our target is 0.88850 on the medium-term.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Gold(XAU/USD) at All-Time Highs – Breakout or Blow-Off Top?📊 XAU/USD Daily Technical Analysis – April 2025
Gold has surged to fresh all-time highs, with price currently trading above $2,320 after an explosive rally in recent weeks. The momentum has been relentless, but price action is now approaching a potential inflection zone, where either a continuation or a sharp correction could emerge.
📈 Trend Overview:
The trend on the daily chart is strongly bullish. Since the breakout above the previous all-time high near $2,075 in early March, gold has been in a near-vertical climb, forming successive higher highs with shallow pullbacks.
However, with price now significantly extended from recent bases, and psychological levels being tested, bulls may face their first real challenge in weeks.
🔹 Key Resistance Zones:
$2,325 – $2,345: Immediate resistance zone based on recent price clustering. A decisive break above this could fuel further upside toward…
$2,400: Psychological milestone and potential magnet for bullish momentum if the rally continues.
🔸 Key Support Zones:
$2,280: Minor support from the most recent consolidation zone — the first level to watch if gold pulls back.
$2,240: A more solid support based on previous breakout structure.
$2,180 – $2,200: Major structural demand zone — this is where buyers are most likely to step back in if a deeper correction occurs.
📐 Technical Structures to Watch:
Gold is forming what appears to be a rising wedge on the daily chart — a pattern that often emerges during strong trends but can signal momentum loss or potential reversal when the wedge narrows.
Additionally, recent price action shows signs of stalling candles (small-bodied candles with long wicks), suggesting hesitation or possible profit-taking at current levels.
While there’s no confirmation yet of a reversal, these are early warning signs traders should monitor closely.
🧭 Possible Scenarios:
✅ Bullish Continuation:
If gold breaks and holds above $2,345, the next logical upside target would be $2,400, followed by potential extensions toward $2,450 on high momentum or geopolitical catalysts.
❌ Bearish Pullback:
Failure to break higher — especially with reversal candles — could trigger a retracement toward $2,280 or deeper to $2,240. A breakdown below $2,200 would indicate a more serious correction and likely shift sentiment short-term.
📌 Conclusion:
Gold is in a powerful uptrend, trading at never-before-seen levels. But price is now testing a key zone where momentum could either continue explosively or stall into a correction. Watch for breakout confirmation above $2,345 — or signs of exhaustion below $2,280. Either way, a major move is coming.
💬 Is this the start of Gold 2.0? Or is a correction brewing? Let’s talk below 👇
EUR/USD Approaching a Key Decision Point – Breakout or Pullback📊 Daily Technical Analysis – EUR/USD (April 2025)
The EUR/USD pair is approaching a critical resistance zone on the daily chart, with price action showing signs of both trend continuation and potential exhaustion. Traders should brace for volatility as the pair hovers near a multi-month high.
📈 Trend Overview:
Since rebounding from the 1.0700 support area in early March, EUR/USD has maintained a steady bullish trend, forming a clean structure of higher highs and higher lows.
The overall sentiment remains bullish in the medium term, but the pair is now pressing into a strong resistance zone near 1.0980 – 1.1050, where price previously stalled multiple times in late 2023.
🧱 Key Resistance Levels:
1.0980 – 1.1050: A major resistance block; a clean daily breakout above this zone could trigger renewed buying pressure and open the door for a move toward 1.1200.
1.1270: A key swing high from July 2023, and a likely target if bulls maintain control.
🛡️ Key Support Levels:
1.0870: A short-term support level and previous consolidation zone.
1.0740: A key higher low and critical structure — losing this level could suggest a shift toward a broader range-bound market.
1.0700: March’s reaction low and a major psychological level for euro bulls.
📐 Technical Structures:
Price action is showing signs of forming a rising wedge pattern — typically a sign of weakening bullish momentum, especially when it appears near strong resistance.
That said, if buyers manage to break through the upper boundary with strong conviction, this setup could transform into a bullish continuation — invalidating the wedge as a reversal pattern.
Also, the pair remains inside a bullish price channel, which has guided the trend since mid-March.
🧭 Potential Scenarios:
✅ Bullish Breakout:
A strong daily close above 1.1050 would likely confirm the breakout, targeting 1.1200 and possibly 1.1270 as bullish extensions. This could align with further dollar weakness or positive eurozone data.
❌ Bearish Rejection:
If the pair fails to break the resistance zone and forms reversal candlesticks, a pullback toward 1.0870 or even 1.0740 becomes likely. A break below 1.0700 would be a strong bearish signal, opening the path toward deeper retracement.
📌 Conclusion:
EUR/USD is pressing into a decisive resistance zone after a sustained bullish rally. Price action is king here — a breakout above 1.1050 may confirm bullish continuation, while rejection could trigger a healthy correction. Keep a close eye on daily closes and candle structure in the coming sessions.
💬 How do you see EUR/USD playing out from here? Are we in for a breakout or a top? Share your thoughts 👇
GBP/USD Is About to Explode – Here’s Why This Level Matters🚨 GBP/USD at a Critical Zone – Breakout or Reversal?
Let’s break down the price action from a technical perspective 👇
📊 Daily Technical Analysis – GBP/USD (April 2025)
The GBP/USD pair is trading near a key inflection point, with price action hinting at a potential breakout — or a deeper correction.
📈 Trend Overview:
The broader trend remains bullish, following a steady rally from the 1.2300 area back in February. The pair has been forming higher highs and higher lows, indicating strong underlying demand.
However, we’re now seeing signs of bullish exhaustion as the price struggles near the 1.2850 – 1.2900 resistance zone — an area that previously acted as a strong supply level.
🧱 Key Resistance Levels:
1.2850 – 1.2900: Major resistance zone; a daily close above this level would likely accelerate bullish momentum.
1.3000: Psychological round number and the next natural target.
1.3140: Historical swing high from mid-2023, could serve as the next upside objective.
🛡️ Key Support Levels:
1.2680: Previous higher low and potential first line of defense.
1.2520: Strong structural support — a break below this zone may shift the medium-term outlook to neutral or even bearish.
1.2300: February’s key low and the base of the current trend.
📐 Technical Structures:
Price appears to be forming an ascending triangle — a classic bullish continuation pattern — with flat resistance at 1.2850 and rising higher lows from below. This supports the idea of an impending breakout if bulls regain control.
Additionally, the pair is moving within a rising price channel, offering clean structure for both trend-following and breakout traders.
🧭 Potential Scenarios:
✅ Bullish Breakout:
A confirmed close above 1.2900 would likely open the door toward 1.3000, followed by 1.3140. This scenario aligns with the current market structure, assuming continued weakness in the USD or sustained risk appetite.
❌ Bearish Rejection:
Failure to break the resistance zone, especially with bearish reversal candles, could trigger a drop toward 1.2680, and possibly 1.2520. A daily close below 1.2520 would be a strong technical warning for bulls.
📌 Conclusion:
GBP/USD is sitting at a technically significant level. The prevailing trend favors the bulls, but the outcome at 1.2850–1.2900 will be decisive. Watch price action closely for confirmation — breakout or rejection, the next move could be sharp.
💬 What’s your take on this setup? Do you see a breakout or a reversal ahead? Drop your thoughts in the comments 👇