GBPUSD has broken out of the downward trendline, completed a retracement, and successfully broke above the 200 EMAβa strong bullish signal! π GBPUSD Currently, the pair has also broken through a strong resistance level, which has now turned into support. A minor retracement to this support level is expected before the next bullish rally towards our target levels.
π― Technical Target Levels: 1.2730, 1.2754, 1.2810, 1.2860, and 1.2990.
π Key Highlights:
- Downward trendline breakout confirmed. - 200 EMA breakout signals strong momentum. - Previous resistance now acting as support. β Stay tuned for more!
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