GBPUSD FORMED TRIANGLE ( READ CAPTION)
Here’s an extended version of your post for your followers:
**GBP/USD Forecast and Analysis**
In the H1 timeframe, the GBP/USD currency pair has formed a symmetrical triangle pattern. This indicates potential price consolidation, but the next move depends on a breakout or breakdown.
- **Bullish Scenario:** If the market breaks above the key resistance level of **1.23900**, it could signal a strong upward momentum, and we may see a continuation to the bullish side. In that case, it's advisable to hold positions for potential gains.
- **Bearish Scenario:** On the other hand, if the market breaks below the support level of **1.23300**, it could lead to a significant downward movement, and a bearish trend would likely follow. For this scenario, it's important to consider holding strong positions on the selling side.
### Key Levels to Watch:
- **Resistance Zone:** 1.24200 – Watch for any price action near this level to gauge the strength of the bullish trend.
- **Support Zone:** 1.22450 – A critical support level where buyers might step in. A break below this could signal further selling pressure.
**GBP/USD Forecast and Analysis**
In the H1 timeframe, the GBP/USD currency pair has formed a symmetrical triangle pattern. This indicates potential price consolidation, but the next move depends on a breakout or breakdown.
- **Bullish Scenario:** If the market breaks above the key resistance level of **1.23900**, it could signal a strong upward momentum, and we may see a continuation to the bullish side. In that case, it's advisable to hold positions for potential gains.
- **Bearish Scenario:** On the other hand, if the market breaks below the support level of **1.23300**, it could lead to a significant downward movement, and a bearish trend would likely follow. For this scenario, it's important to consider holding strong positions on the selling side.
### Key Levels to Watch:
- **Resistance Zone:** 1.24200 – Watch for any price action near this level to gauge the strength of the bullish trend.
- **Support Zone:** 1.22450 – A critical support level where buyers might step in. A break below this could signal further selling pressure.
t.me/+g9R8MQpOmkxhMGI8
we provide daily 3-5 gold signals with 100% accuracy & vip paid group available
t.me/+g9R8MQpOmkxhMGI8
we provide daily 3-5 gold signals with 100% accuracy & vip paid group available
t.me/+g9R8MQpOmkxhMGI8
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.
t.me/+g9R8MQpOmkxhMGI8
we provide daily 3-5 gold signals with 100% accuracy & vip paid group available
t.me/+g9R8MQpOmkxhMGI8
we provide daily 3-5 gold signals with 100% accuracy & vip paid group available
t.me/+g9R8MQpOmkxhMGI8
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.