British Pound / U.S. Dollar
Long
Updated

BUY TREND started in GBPUSD, Breakout & Retracement done there..

πŸ“ˆ GBPUSD Price Forecast πŸ“ˆ

GBPUSD has broken out of the descending trendline and formed a symmetrical triangle pattern at the bottom of the downtrend. The breakout of the triangle has been confirmed, followed by a successful retracement to the breakout level. With buying volume increasing, the bullish momentum is strengthening.

The pair is expected to rally from the current level of 1.2220, aiming to break above the 200 EMA. The first major resistance lies at the 1.2320 supply zone, with further upside potential toward higher target levels.

🎯Technical Target Levels:
- 1.2320 (First target and supply zone)
- 1.2365
- 1.2505
- 1.2565 (Final target)

πŸ“Œ Key Highlights:
- Breakout of descending trendline and symmetrical triangle pattern.
- Retracement completed, signaling bullish continuation.
- Buyers gaining strength with increased volume.
- Focus on the 200 EMA and supply zones for further confirmation.
βœ… Stay Ahead of the Market!

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Market Insight:
GBPUSD has successfully flown towards our target levels, and we've secured 80+ pips in profitβ€”well done, everyone! πŸ’° After hitting that level, the market has now pulled back, facing strong supply zone resistance along with the 200 EMA.

Next Steps:
We’re waiting for a strong bullish candle to confirm that the pullback has finished and the trend is ready to continue upwards. Once we get that confirmation, we’ll enter new trades targeting higher levels.

Stay sharp, and let’s keep managing our trades wisely!
Note
Market Insight:
GBPUSD has moved strongly from our entry level, flying towards our target zone. The first target at 1.2320 has been successfully achievedβ€”congratulations, team! 🎯

Now, the market is reversing, showing signs of building strength for a strong bullish trend. This could open the door for further opportunities in the upcoming sessions.

Action Plan:
Stay patient and monitor price action closely. Once we see strong confirmation of bullish momentum, we’ll look for additional trade setups.

Great work so farβ€”let’s keep pushing forward! πŸš€πŸ”₯

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