GBPUSD Technical Outlook – Range Formation Before Potential Breakout
GBPUSD is currently forming a trading range, suggesting a counter-trend correction is in play. This consolidation could precede a continuation move, depending on how price reacts to key levels.
🔍 Technical Levels to Watch (1H Chart):
✅ Bullish Scenario:
A 1H candle close above 1.36000, and especially 1.36200, would signal strength and open the door for a push toward the next resistance levels.
⚠️ Bearish Scenario:
A clear break below 1.36200 (if price fails to hold support) may shift the structure bearish, with downside potential toward 1.3500 support zone.
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GBPUSD is currently forming a trading range, suggesting a counter-trend correction is in play. This consolidation could precede a continuation move, depending on how price reacts to key levels.
🔍 Technical Levels to Watch (1H Chart):
✅ Bullish Scenario:
A 1H candle close above 1.36000, and especially 1.36200, would signal strength and open the door for a push toward the next resistance levels.
⚠️ Bearish Scenario:
A clear break below 1.36200 (if price fails to hold support) may shift the structure bearish, with downside potential toward 1.3500 support zone.
If you like this idea if you have on Opinion about this analysis share in comments Thanks for Supporting.
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✅My Free Signals
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
Related publications
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.