High Timeframe Technical Analysis: 2-Week Chart
📊 MARKET OVERVIEW
The GBP/USD pair is currently in an uptrend. Based on the latest pivot analysis, price action has respected key pivot lows and is approaching critical pivot highs, which serve as resistance zones.
🔴 Sell Orders (Resistance Zones)
Sell Order @ 1.43770⏳(Supply Zone)
Sell Order @ 1.41784⏳
Sell Stoploss @ 1.37765 🚫
🔵 Buy Orders (Support Zones)
🟩 Current trend favors bullish continuation, with potential for price to break above 1.28425 and head towards the next resistance at 1.35755.
📈 Oscillator & Indicator Summary
💡 Momentum and MACD indicate a bullish continuation, but Stochastic %K suggests overbought conditions, signaling potential consolidation or a minor pullback.
📉 Moving Averages Trend (Bullish)
✔ All major moving averages (10, 20, 30, 50, 100, 200) indicate a BUY signal
✔ EMA (200) @ 1.27390 and SMA (200) @ 1.27143 provide strong dynamic support
✔ VWMA (20) @ 1.26057 confirms buying pressure
📊 Trading Strategy & Recommendations
📌 Bullish Scenario
🔹 A break above 1.28425 could push GBP/USD towards 1.35755
🔹 If momentum persists, next resistance levels are 1.37765 - 1.41784
🔹 Buy entry can be considered near 1.26890 - 1.27560 with SL below 1.23683
⚠ Bearish Risk Factors
🔹 Overbought indicators may cause temporary pullbacks
🔹 Resistance near 1.35755 could trigger retracement
🔹 If price drops below 1.23683, downside risk increases
🎯 CURRENT SETUP:
✅ Buy Entry @ 1.26890 - 1.27560
🎯 Target 1: 1.28425
🎯 Target 2: 1.35755
🛑 Stop-Loss: 1.23683
🔔 Monitor price action near the current pivot high and trade cautiously.
📊 MARKET OVERVIEW
The GBP/USD pair is currently in an uptrend. Based on the latest pivot analysis, price action has respected key pivot lows and is approaching critical pivot highs, which serve as resistance zones.
🔴 Sell Orders (Resistance Zones)
Sell Order @ 1.43770⏳(Supply Zone)
Sell Order @ 1.41784⏳
Sell Stoploss @ 1.37765 🚫
🔵 Buy Orders (Support Zones)
- Buy Order @ 1.0564 ✅ (Demand Zone)
- Buy Order @ 1.09872 ✅
- Buy Order @ 1.16854 ✅
- Buy Order @ 1.28425 📈(Current Level)
- TP 4 Target @ 1.35755💰
🟩 Current trend favors bullish continuation, with potential for price to break above 1.28425 and head towards the next resistance at 1.35755.
📈 Oscillator & Indicator Summary
- RSI (14): 60.00 (Neutral)
- Stochastic %K: 95.77 (Neutral - Overbought)
- CCI (20): 150.29 (Neutral)
- MACD (12,26): 0.00034 (Bullish Momentum)
- Momentum (10): 0.0767 (Bullish)
💡 Momentum and MACD indicate a bullish continuation, but Stochastic %K suggests overbought conditions, signaling potential consolidation or a minor pullback.
📉 Moving Averages Trend (Bullish)
✔ All major moving averages (10, 20, 30, 50, 100, 200) indicate a BUY signal
✔ EMA (200) @ 1.27390 and SMA (200) @ 1.27143 provide strong dynamic support
✔ VWMA (20) @ 1.26057 confirms buying pressure
📊 Trading Strategy & Recommendations
📌 Bullish Scenario
🔹 A break above 1.28425 could push GBP/USD towards 1.35755
🔹 If momentum persists, next resistance levels are 1.37765 - 1.41784
🔹 Buy entry can be considered near 1.26890 - 1.27560 with SL below 1.23683
⚠ Bearish Risk Factors
🔹 Overbought indicators may cause temporary pullbacks
🔹 Resistance near 1.35755 could trigger retracement
🔹 If price drops below 1.23683, downside risk increases
🎯 CURRENT SETUP:
✅ Buy Entry @ 1.26890 - 1.27560
🎯 Target 1: 1.28425
🎯 Target 2: 1.35755
🛑 Stop-Loss: 1.23683
🔔 Monitor price action near the current pivot high and trade cautiously.
Professor C. E. Ward
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.
Professor C. E. Ward
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.