📊 GBP/USD Analysis – Bullish Outlook with a Short-Term Correction
The GBP/USD pair is in an uptrend and approaching a key resistance zone. A short-term correction is expected before the price resumes its upward movement from the 1.29578 support level. 📈
🔹 Resistance Zone: The red area where sellers may step in.
🔹 Key Support Level: 1.29578, which could serve as a potential buy entry.
🔹 Indicators:
✅ MACD shows weakening bullish momentum.
✅ Stochastic is in the overbought zone, signaling a possible correction.
📌 If the price breaks above this resistance zone, a stronger bullish move could follow! What’s your take? 💬🔥 #GBPUSD #ForexAnalysis #PriceAction #Forex
The GBP/USD pair is in an uptrend and approaching a key resistance zone. A short-term correction is expected before the price resumes its upward movement from the 1.29578 support level. 📈
🔹 Resistance Zone: The red area where sellers may step in.
🔹 Key Support Level: 1.29578, which could serve as a potential buy entry.
🔹 Indicators:
✅ MACD shows weakening bullish momentum.
✅ Stochastic is in the overbought zone, signaling a possible correction.
📌 If the price breaks above this resistance zone, a stronger bullish move could follow! What’s your take? 💬🔥 #GBPUSD #ForexAnalysis #PriceAction #Forex
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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.