The last two weeks felt like a rollercoaster for GBPUSD. It all started with a gap down on Monday, April 7, but that weakness didn’t last. The pair filled the gap and then rallied hard – over 700 pips!
🤔 Key Question – Is the move sustainable, or are we topping out?
Now the pair is approaching a massive resistance zone, one that dates back to 2019. While the bullish sentiment and USD weakness could push it toward 1.3500, this isn’t a breakout I’d blindly chase.
📉 Why I'm expecting a reversal:
Price is entering a long-term resistance area – a major barrier.
700 pips of upside happened fast – a pullback is likely.
USD weakness might fade, creating downward pressure.
1.3450–1.3500 is my key sell zone.
📊 My Trading Plan:
I’ll be watching for clear signs of weakness near 1.3450 – such as rejection candles or slowing momentum. If the market confirms, I’m looking for a 500 pip move down, with 1.3000 as the first major target.
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.
🤔 Key Question – Is the move sustainable, or are we topping out?
Now the pair is approaching a massive resistance zone, one that dates back to 2019. While the bullish sentiment and USD weakness could push it toward 1.3500, this isn’t a breakout I’d blindly chase.
📉 Why I'm expecting a reversal:
Price is entering a long-term resistance area – a major barrier.
700 pips of upside happened fast – a pullback is likely.
USD weakness might fade, creating downward pressure.
1.3450–1.3500 is my key sell zone.
📊 My Trading Plan:
I’ll be watching for clear signs of weakness near 1.3450 – such as rejection candles or slowing momentum. If the market confirms, I’m looking for a 500 pip move down, with 1.3000 as the first major target.
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.
交易進行
GbpUsd rejected hard from the level of resistance and is now trading 150 pips under
📈 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
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。