GBP/USD is trading near the 1.2960 level, which has been tested multiple times recently. This area is significant as it aligns with both the 50-period and 200-period Weighted Moving Averages (WMAs), indicating a critical support zone. A decisive move below this level could lead to further downside toward 1.2920, while a break above 1.2980 may signal a bullish breakout toward 1.3000
Trade active
GBPUSD running 150+ Pips Trade closed: target reached
closed target hit 210 pips
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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.