GBPUSD ********* ⏳1 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational
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1️⃣ Negative USD-Positive brexit talks will boost this pair upwards 2️⃣GBPUSD was trading within broad rising channel 3️⃣ 1.32500 50% Fibonacci Acting as Dynamic support and resistance 4️⃣ 1.34000 Major upper side resistance Key reversal area 5️⃣ 1.33100 acting as key support and resistance level 6️⃣ 1.33150 78.6% Recent support level for Bull 7️⃣ Technical support - Bull 8️⃣1.34000 will acted as key reversal-bearish 9️⃣ Series of HH HL HH HL patterns 🔟 Possible swing target-1.34500 Upper side trendline resistance #️⃣ Overall bullish trend-Within Broad rising channel pattern
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📉 Technical bias-H4-Bullish
Price is above 50,100,200 Exponential moving average 50 Exponential moving average will act as support-Bull Ichimoku cloud -cloud is still green-About to turn red Cloud support(Bull) Bollinger band- Price reached around middle band is about to break out soon Relative strength index - Reached around 50 neutral area 50- Will act as support for bullish trend MACD -Turned red and fell below the signal line ,oscillators about to cross soon Stochastic - Reached around 60- Oscillators are converging