Hey Traders,
The GBP/USD currency pair has been following a bullish trend and recently fulfilled the expectations of the previous analysis. The price dropped from a key resistance level and hit the target that was previously identified. currently, the market is experiencing a pullback from the resistance level that was broken through, and it seems to be heading towards the lower border of the expanding triangle and the support level. based on the technical analysis, the trader expects the price to test the support level and potentially rebound towards the resistance level at around 1.25 then to 1.26.
Target: 1.23450>> correction
Targets:1.24, 1.25, 1.26
Focus on relevant data points"
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
GBPUSD
The GBP/USD currency pair has been following a bullish trend and recently fulfilled the expectations of the previous analysis. The price dropped from a key resistance level and hit the target that was previously identified. currently, the market is experiencing a pullback from the resistance level that was broken through, and it seems to be heading towards the lower border of the expanding triangle and the support level. based on the technical analysis, the trader expects the price to test the support level and potentially rebound towards the resistance level at around 1.25 then to 1.26.
Target: 1.23450>> correction
Targets:1.24, 1.25, 1.26
Focus on relevant data points"
"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"
GBPUSD
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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.