At the beginning of the month, GBP/USD made several unsuccessful attempts to reclaim the 1.30 level.
Following these attempts, the pair saw a strong decline and is now trading below 1.27.
However, GBP/USD is approaching a crucial point on the chart, and a potential reversal may be imminent.
As shown in the posted chart, this zone is shaped by three key factors: the ascending trendline from a previously broken triangle, a descending trendline indicating a retest, and two important horizontal support levels.
Additionally, with the DXY possibly nearing a correction, this could present buying opportunities in “cable.”
My target for a potential reversal is the 1.2850 area.
Following these attempts, the pair saw a strong decline and is now trading below 1.27.
However, GBP/USD is approaching a crucial point on the chart, and a potential reversal may be imminent.
As shown in the posted chart, this zone is shaped by three key factors: the ascending trendline from a previously broken triangle, a descending trendline indicating a retest, and two important horizontal support levels.
Additionally, with the DXY possibly nearing a correction, this could present buying opportunities in “cable.”
My target for a potential reversal is the 1.2850 area.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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。