GBP/USD 30-Minute
GBP/USD 30-Minute Chart Analysis with Friday's Economic Events
This GBP/USD chart shows a long setup based on technical levels and key economic events for Friday, November 15. The price has been trading near a support zone around 1.2662, and with today’s economic reports, there’s potential for bullish movement.
Key Targets and Levels:
CPI High (Wednesday): I’m using Wednesday's CPI report’s 30-minute high as an upper resistance target, as it still represents a significant level from mid-week.
Monday Low: The low point from Monday at 1.2856 remains a high-probability target if bullish momentum continues.
Economic Events on Friday (November 15): Today's economic data, reflected on Forex Factory, includes reports that could impact GBP/USD’s movement. These reports are likely to drive volatility, giving potential for price action to reach the identified levels.
This setup aligns with the risk-to-reward strategy, with the stop loss below support in case of reversal.
This GBP/USD chart shows a long setup based on technical levels and key economic events for Friday, November 15. The price has been trading near a support zone around 1.2662, and with today’s economic reports, there’s potential for bullish movement.
Key Targets and Levels:
CPI High (Wednesday): I’m using Wednesday's CPI report’s 30-minute high as an upper resistance target, as it still represents a significant level from mid-week.
Monday Low: The low point from Monday at 1.2856 remains a high-probability target if bullish momentum continues.
Economic Events on Friday (November 15): Today's economic data, reflected on Forex Factory, includes reports that could impact GBP/USD’s movement. These reports are likely to drive volatility, giving potential for price action to reach the identified levels.
This setup aligns with the risk-to-reward strategy, with the stop loss below support in case of reversal.
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