Breaking News

GBP/USD Potential Upward Movement

GBP/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.4221, 1.4244, 1.4300

Key Support Levels: 1.4146, 1.4049, 1.4002

Daily Chart:

The price on the higher time frame is in a clear upward movement where it is trading inside a bullish wedge formation. The pair is currently traded above the daily support (1.4146 USD) where we expect a further movement to the upside in the coming hours.

GBP/USD Medium-Term Trend: Bullish

1-hour Chart:

On the lower time frame, the price bounced to the upside after posting a double bottom formation around the 1.4146 USD strong support. A correction is about to be posted and then we might see a rally toward our target profit.

Signal Idea:

Buy Limit Order @ 1.4149

TP 1 @ 1.4211

TP 2 @ 1.4221

Stop Loss @ 1.4130

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!