The GBPUSD currency pair, as observed on the 4-hour timeframe, is currently exhibiting signs of a potential bullish reversal, with a suggested entry near the 1.32696 price level. This analysis outlines retracement considerations, key target levels, and invalidation criteria based on technical structure and price behavior.
✦ Current Market Overview
As of May 18, 2025, GBPUSD is priced at 1.32696. The market has formed a recent consolidation structure, showing attempts to hold above key support. The setup presented encourages buying opportunities based on the expectation of a bullish continuation or breakout from the current price zone.
✦ Retracement Zone and Entry Strategy
The green highlighted area on the chart represents the **retracement or demand zone**. If price dips into this area, it is seen as a potential accumulation point for buyers. Key takeaways include:
• **Retracement Zone Range**: Approximated between **1.31394** (low) and the lower edge of the green zone.
• **Candle Close Below Green Zone**: If price closes below this zone, the bullish setup becomes invalid.
• **Stop Loss (SL)**: Set at 20 pips below entry to minimize downside risk.
✦ Current Market Overview
As of May 18, 2025, GBPUSD is priced at 1.32696. The market has formed a recent consolidation structure, showing attempts to hold above key support. The setup presented encourages buying opportunities based on the expectation of a bullish continuation or breakout from the current price zone.
✦ Retracement Zone and Entry Strategy
The green highlighted area on the chart represents the **retracement or demand zone**. If price dips into this area, it is seen as a potential accumulation point for buyers. Key takeaways include:
• **Retracement Zone Range**: Approximated between **1.31394** (low) and the lower edge of the green zone.
• **Candle Close Below Green Zone**: If price closes below this zone, the bullish setup becomes invalid.
• **Stop Loss (SL)**: Set at 20 pips below entry to minimize downside risk.
Trade active
Update GBPUSD CHART ANALYSIS POSTED ON SUNDAY 18 MAY 2025.
HIT TP 1 => 1.33596 (90 PIPS)
HIT TP 2 => 1.34016 (132 PIPS)
Note
Update GBPUSD CHART ANALYSIS POSTED ON SUNDAY 18 MAY 2025.
HIT TP 3 => 1.34436 (174 PIPS)
Trade closed: target reached
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Join My free Telegram Channel.
t.me/fxmyworld
My Contact
t.me/myworld115
t.me/fxmyworld
My Contact
t.me/myworld115
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.