GBP/USD Technical Analysis
- Daily Chart:
- Price tapped into resistance at 1.2300 on Monday and broke through.
- Bullish potential towards 1.2500 if we break and close above 1.2380.
- Bearish scenario if price closes below 1.2232, targeting 1.2150.
- H4 Chart:
- 1.2300 is turning from resistance to support.
- A break below 1.2230 would invalidate bullish outlook, shifting focus to the downside.
- Current Focus:
- Watching for a break and close above 1.2380 for bullish continuation towards 1.2490.
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- Price tapped into resistance at 1.2300 on Monday and broke through.
- Bullish potential towards 1.2500 if we break and close above 1.2380.
- Bearish scenario if price closes below 1.2232, targeting 1.2150.
- H4 Chart:
- 1.2300 is turning from resistance to support.
- A break below 1.2230 would invalidate bullish outlook, shifting focus to the downside.
- Current Focus:
- Watching for a break and close above 1.2380 for bullish continuation towards 1.2490.
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Trade closed: target reached
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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.