Similar to EUR/USD, GBP/USD experienced a strong rally starting in March, breaking above the key resistance level in the 1.2775 zone.
Over the past three days, the pair has consolidated well above the broken resistance level, suggesting that another upward spike is likely.
However, the 1.30 level is both a significant technical and psychological barrier. If the price reaches this zone, a correction could follow.
In conclusion, I’m closely watching the pair, and if we see a spike toward 1.30, I will look for selling opportunities.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Over the past three days, the pair has consolidated well above the broken resistance level, suggesting that another upward spike is likely.
However, the 1.30 level is both a significant technical and psychological barrier. If the price reaches this zone, a correction could follow.
In conclusion, I’m closely watching the pair, and if we see a spike toward 1.30, I will look for selling opportunities.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.