SasanSeifi| Key Levels to Watch in the Daily Timeframe!

9 Eki

Hey there, ✌ GBPUSD In the daily timeframe, as evident from the chart, after a bullish move, the price has struggled to break above the 1.34 level and, following a period of consolidation, has faced a downward trend. Currently, the price is trading around 1.30. The overall trend suggests a bearish outlook, and it’s expected that if the price breaks below the 1.30 level and confirms this breakdown, we could see it heading towards the target of 1.29500.

After this move, the price may enter a range-bound or minor consolidation phase before dropping further to the 1.28500 area and the demand zone around 1.28.

Alternatively, another scenario is possible where if the 1.30 level holds, and we observe confirmations in lower timeframes, the price could rise towards the FVG zone between 1.30200 to 1.32700 and potentially up to 1.33. In this scenario, after a slight rally and pullback, the price might return to the 1.30 and 1.29500 levels.

It’s crucial to closely monitor the price’s reaction to these levels for better insight into future movements.

This analysis is based on personal opinion and is not financial advice. Always conduct your own research before making any investment decisions. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊

20 Eki

İşlem aktif

As you can see, after a brief consolidation, the price is moving according to the first scenario. It has currently dipped below the 1.30 level and reacted to the 1.29700 level. After some minor positive fluctuations, we might see a further price correction. From an analytical perspective, the previous report remains valid, and a potential correction toward the identified support levels is still possible.