1-hour chart GBP/USD
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On the 1-hour chart, GBP/USD is consolidating within a range between 1.2840 and 1.2800. The price recently tested the lower boundary of this range and the descending channel support. A bullish breakout from this range could see the price targeting the 1.2940 resistance level. Conversely, a bearish breakout could lead to a continuation of the downtrend towards 1.2750.
Conclusion
The GBP/USD pair is at a critical juncture, testing significant support levels on multiple timeframes. Traders should watch for a breakout from the current descending channel and the 1.2820 support level. A bullish breakout could offer long opportunities targeting 1.2940 and 1.3000. On the other hand, a break below 1.2820 could see the price moving towards 1.2750 and 1.2650, providing potential short opportunities.
On the 1-hour chart, GBP/USD is consolidating within a range between 1.2840 and 1.2800. The price recently tested the lower boundary of this range and the descending channel support. A bullish breakout from this range could see the price targeting the 1.2940 resistance level. Conversely, a bearish breakout could lead to a continuation of the downtrend towards 1.2750.
Conclusion
The GBP/USD pair is at a critical juncture, testing significant support levels on multiple timeframes. Traders should watch for a breakout from the current descending channel and the 1.2820 support level. A bullish breakout could offer long opportunities targeting 1.2940 and 1.3000. On the other hand, a break below 1.2820 could see the price moving towards 1.2750 and 1.2650, providing potential short opportunities.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.