GBPUSD has recovered strongly after sweeping the 1.3300–1.3350 zone and is now trading back above both EMAs near 1.3480–1.3500.
The important support zone is 1.3465–1.3450. If buyers defend this area, the recovery can continue.
Trade Plan
Buy setup: wait for a pullback toward 1.3465–1.3450. If price reacts well, targets are 1.3520 and 1.3550.
Continuation target: if momentum remains strong, GBPUSD may extend toward 1.3600.
Avoid chasing: buying directly near 1.3500 is less attractive because price is already close to short-term resistance.
Invalidation: if price loses 1.3450 clearly, the recovery setup becomes weaker.
The important support zone is 1.3465–1.3450. If buyers defend this area, the recovery can continue.
Trade Plan
Buy setup: wait for a pullback toward 1.3465–1.3450. If price reacts well, targets are 1.3520 and 1.3550.
Continuation target: if momentum remains strong, GBPUSD may extend toward 1.3600.
Avoid chasing: buying directly near 1.3500 is less attractive because price is already close to short-term resistance.
Invalidation: if price loses 1.3450 clearly, the recovery setup becomes weaker.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.