Weekly Analysis for GBP/USD
🔍 Technical Outlook by Shaker Trading
✅ Reasons for the Bullish Outlook:
Upward Price Channel (Weekly Chart):
The pair is moving inside a strong ascending channel, confirming a longer-term bullish trend.
Strong Bullish Momentum:
Price action is showing clear bullish strength, with higher highs and higher lows.
Fresh Demand Zones Identified:
Multiple demand zones have formed, offering strong support areas for potential buy setups.
📌 Trading Idea:
We expect a correction from current levels toward one of the nearby demand zones, followed by a bullish continuation.
The area around 1.2700–1.2800 could offer ideal buy opportunities for swing traders aiming for higher targets.
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🔍 Technical Outlook by Shaker Trading
✅ Reasons for the Bullish Outlook:
Upward Price Channel (Weekly Chart):
The pair is moving inside a strong ascending channel, confirming a longer-term bullish trend.
Strong Bullish Momentum:
Price action is showing clear bullish strength, with higher highs and higher lows.
Fresh Demand Zones Identified:
Multiple demand zones have formed, offering strong support areas for potential buy setups.
📌 Trading Idea:
We expect a correction from current levels toward one of the nearby demand zones, followed by a bullish continuation.
The area around 1.2700–1.2800 could offer ideal buy opportunities for swing traders aiming for higher targets.
🔥 Copy Trading for Free
Join our Copy Trading system and follow top-performing strategies – absolutely free. No commissions, no subscriptions.
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.