GBPUSD BUY NOW
GBP/USD Analysis: Bullish Reaction Expected
On the 15-minute chart, GBP/USD has approached a key support zone (highlighted in yellow), which has historically acted as a strong demand area. The pair is showing signs of rejection at this level, indicating potential bullish momentum.
Key Highlights:
Support Zone: 1.23740–1.23887 is a critical area for buyers, where price is expected to react positively.
Entry Zone: Current price action is near the support, offering an opportunity for long positions.
Target: The anticipated bullish move aims for 1.24413, marked by the blue circle.
Stop Loss: Consider placing a stop loss slightly below the support zone for risk management.
The upward arrow signifies the expected price movement towards the target. Monitor price action closely and confirm with additional technical/fundamental analysis.
On the 15-minute chart, GBP/USD has approached a key support zone (highlighted in yellow), which has historically acted as a strong demand area. The pair is showing signs of rejection at this level, indicating potential bullish momentum.
Key Highlights:
Support Zone: 1.23740–1.23887 is a critical area for buyers, where price is expected to react positively.
Entry Zone: Current price action is near the support, offering an opportunity for long positions.
Target: The anticipated bullish move aims for 1.24413, marked by the blue circle.
Stop Loss: Consider placing a stop loss slightly below the support zone for risk management.
The upward arrow signifies the expected price movement towards the target. Monitor price action closely and confirm with additional technical/fundamental analysis.
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.
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.