GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This chart represents a GBP/USD (British Pound / US Dollar) price analysis on the 1-hour timeframe from FXCM. It highlights key buy and sell zones with a projected price movement.
Key elements in the chart:
1. Buy Zone (Support Area):
The pink-shaded region around 1.25500 - 1.25750 is identified as a buy zone, suggesting that price may find support and reverse upwards.
2. Sell Zone (Resistance Area):
The blue line at 1.26891 is marked as a sell zone, where price previously reversed downward (confirmed by the orange circle indicating rejection).
This area acts as a resistance level, meaning price may struggle to break above it.
3. Price Projection:
The blue arrows suggest a bullish reversal from the buy zone, with a potential move towards the 1.26891 resistance level.
This indicates a buy opportunity in the current region.
Conclusion:
This chart predicts a GBP/USD bullish move, expecting price to rise from the buy zone to the sell zone. It suggests a long (buy) trade
