This chart represents a technical analysis of the GBP/USD currency pair on a 15-minute timeframe, using exponential moving averages (EMAs) and key levels.
Key Observations:
1. EMA Indicators:
The 200-period EMA (blue) is at 1.29238.
The 30-period EMA (red) is at 1.29155.
Price is currently below the 200 EMA, indicating a potential bearish trend.
2. Support and Resistance:
Resistance Level: 1.29346 (highlighted in blue).
Support Zone: Around 1.28857 (purple highlighted area).
3. Trading Plan:
The price is currently consolidating in a range between the support and resistance levels.
If the price breaks above 1.29346, it could move towards the target of 1.29720.
If the price fails to break resistance and falls below support (1.28857), a bearish
Key Observations:
1. EMA Indicators:
The 200-period EMA (blue) is at 1.29238.
The 30-period EMA (red) is at 1.29155.
Price is currently below the 200 EMA, indicating a potential bearish trend.
2. Support and Resistance:
Resistance Level: 1.29346 (highlighted in blue).
Support Zone: Around 1.28857 (purple highlighted area).
3. Trading Plan:
The price is currently consolidating in a range between the support and resistance levels.
If the price breaks above 1.29346, it could move towards the target of 1.29720.
If the price fails to break resistance and falls below support (1.28857), a bearish
Trade closed: target reached
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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.
Join my telegram (COPY_TRADE)
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
t.me/TOP1INVEESTADMEN
Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.