📈 GBP/USD DAILY PLAN – 12/05/2025
🔍 Technical Overview:
The GBP/USD pair is currently consolidating in a descending channel, with clear resistance and support levels. After forming a short-term high at 1.32507, the price is showing signs of retracing and looks set to continue the downward move.
Key Resistance Levels:
1.32507: The latest high, still unbroken. This is a key resistance level in the short term.
1.31690: The next resistance level, which could provide bearish momentum as the price touches it.
1.31417: A strong resistance level if the price continues to rise.
Key Support Levels:
1.32474: A strong support zone, likely to be tested if the price dips.
1.32169: A short-term support level for potential reversal.
1.31216: A key support level in case of a sharp decline, potentially a strong BUY zone.
🎯 Trade Scenarios:
1. Bearish Breakout Scenario:
SELL Zone: 1.32507 – 1.31690
Stop Loss (SL): 1.3300
Take Profit (TP): 1.31417 → 1.31000 → 1.30500
2. PullbackScenario – Reversal at Support:
BUY Zone: 1.31216 – 1.31417
Stop Loss (SL): 1.31000
Take Profit (TP): 1.31800 → 1.32100 → 1.32400
⚠️ Notes:
Market Sentiment: The market is highly sensitive to ongoing political and economic developments, especially comments from ECB and Fed officials. Watch the key support and resistance levels carefully before making any trades today.
Risk Management: Be sure to manage your SL/TP levels carefully and avoid chasing signals during volatile market moves.
📣 Important:
Today is a key day with important macroeconomic data that could shift market sentiment, particularly from Fed officials and trade talks. Be cautious and wait for confirmation signals before entering any trades.
🔍 Technical Overview:
The GBP/USD pair is currently consolidating in a descending channel, with clear resistance and support levels. After forming a short-term high at 1.32507, the price is showing signs of retracing and looks set to continue the downward move.
Key Resistance Levels:
1.32507: The latest high, still unbroken. This is a key resistance level in the short term.
1.31690: The next resistance level, which could provide bearish momentum as the price touches it.
1.31417: A strong resistance level if the price continues to rise.
Key Support Levels:
1.32474: A strong support zone, likely to be tested if the price dips.
1.32169: A short-term support level for potential reversal.
1.31216: A key support level in case of a sharp decline, potentially a strong BUY zone.
🎯 Trade Scenarios:
1. Bearish Breakout Scenario:
SELL Zone: 1.32507 – 1.31690
Stop Loss (SL): 1.3300
Take Profit (TP): 1.31417 → 1.31000 → 1.30500
2. PullbackScenario – Reversal at Support:
BUY Zone: 1.31216 – 1.31417
Stop Loss (SL): 1.31000
Take Profit (TP): 1.31800 → 1.32100 → 1.32400
⚠️ Notes:
Market Sentiment: The market is highly sensitive to ongoing political and economic developments, especially comments from ECB and Fed officials. Watch the key support and resistance levels carefully before making any trades today.
Risk Management: Be sure to manage your SL/TP levels carefully and avoid chasing signals during volatile market moves.
📣 Important:
Today is a key day with important macroeconomic data that could shift market sentiment, particularly from Fed officials and trade talks. Be cautious and wait for confirmation signals before entering any trades.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 7 to 15 Signals Vip
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.