Gbpusd buy
This is a GBP/USD (British Pound/US Dollar) 1-hour timeframe technical analysis from FXCM, indicating a buy trade setup with the following details:
1. Entry Point: Expected around 1.26838, marked with an upward green arrow. This suggests a potential support level where buyers may step in.
2. First Target Level: 1.27673, indicating an initial resistance level where price could react.
3. Second Target Level: 1.28259, representing the final bullish target if the price continues to rise.
4. Market Outlook: The analysis suggests a bullish structure, with an expectation that price will pull back to the support level at 1.26838, form a higher low, and then push towards the resistance levels.
5. Price Action Strategy: The chart implies a pattern where buyers enter at support, leading to an upward momentum that could break through resistance levels.
This setup signals a potential long (buy) opportunity, expecting GBP/USD to trend higher after a pullback.
1. Entry Point: Expected around 1.26838, marked with an upward green arrow. This suggests a potential support level where buyers may step in.
2. First Target Level: 1.27673, indicating an initial resistance level where price could react.
3. Second Target Level: 1.28259, representing the final bullish target if the price continues to rise.
4. Market Outlook: The analysis suggests a bullish structure, with an expectation that price will pull back to the support level at 1.26838, form a higher low, and then push towards the resistance levels.
5. Price Action Strategy: The chart implies a pattern where buyers enter at support, leading to an upward momentum that could break through resistance levels.
This setup signals a potential long (buy) opportunity, expecting GBP/USD to trend higher after a pullback.
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t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
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.