The British Pound is showing strong bullish momentum against the US Dollar bouncing back sharply after a deep pullback earlier in April
Here’s what’s unfolding
Uptrend Intact The price continues to respect the long-standing ascending channel and upward trendline signaling a continuation of the bullish structure
Breakout in Play? GBP/USD is currently retesting the upper boundary of the ascending channel If price holds and breaks above the recent highs we could see a move toward the resistance zone near 1.34368
Key Levels:
Immediate Resistance 1.34400
Support Zone 1.29800 – 1.28700
Critical Support 1.27100 with a long-term floor around 1.25700
Scenarios to Watch:
Bullish case A strong breakout above the trendline and continuation toward resistance
Bearish case A pullback to retest lower support before a potential bounce
Technical Note The previous consolidation zone acted as a springboard for this sharp upward move As long as the structure holds bulls have the upper hand...
Here’s what’s unfolding
Uptrend Intact The price continues to respect the long-standing ascending channel and upward trendline signaling a continuation of the bullish structure
Breakout in Play? GBP/USD is currently retesting the upper boundary of the ascending channel If price holds and breaks above the recent highs we could see a move toward the resistance zone near 1.34368
Key Levels:
Immediate Resistance 1.34400
Support Zone 1.29800 – 1.28700
Critical Support 1.27100 with a long-term floor around 1.25700
Scenarios to Watch:
Bullish case A strong breakout above the trendline and continuation toward resistance
Bearish case A pullback to retest lower support before a potential bounce
Technical Note The previous consolidation zone acted as a springboard for this sharp upward move As long as the structure holds bulls have the upper hand...
交易進行
交易結束：目標達成
target reached
🚀 Tap to join – no copy needed!
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
🚀 Tap to join – no copy needed!
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。