First, after the recent swings, GBPUSD started to settle into a tighter range. Price was moving back and forth around the same area, with no clean continuation in either direction.
Now look at the zone marked on the chart. It had acted as resistance several times before, repeatedly stopping buyers from pushing higher. That history makes the latest reaction much more important.
This time, however, price approached the level with stronger bullish pressure. Buyers kept pressing into resistance until the market finally broke through. More importantly, price has now come back to test the same area and is still holding above it.
That changes the picture. Former resistance is beginning to behave like new support, and as long as buyers continue to defend this zone, I would favor another move higher toward 1.35580.
The key now is simple: the breakout has happened, the retest is holding, and buyers still have the stronger hand.
Now look at the zone marked on the chart. It had acted as resistance several times before, repeatedly stopping buyers from pushing higher. That history makes the latest reaction much more important.
This time, however, price approached the level with stronger bullish pressure. Buyers kept pressing into resistance until the market finally broke through. More importantly, price has now come back to test the same area and is still holding above it.
That changes the picture. Former resistance is beginning to behave like new support, and as long as buyers continue to defend this zone, I would favor another move higher toward 1.35580.
The key now is simple: the breakout has happened, the retest is holding, and buyers still have the stronger hand.
Zlecenie aktywne
📈 Forex • Gold • Crypto
Trading is easier with the right people.
✔ Daily market analysis
✔ Free trade ideas
✔ Risk-first mindset
Join a community built for consistent traders.
👇 t.me/+eI88_T2fcIE0MTVl
Trading is easier with the right people.
✔ Daily market analysis
✔ Free trade ideas
✔ Risk-first mindset
Join a community built for consistent traders.
👇 t.me/+eI88_T2fcIE0MTVl
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
📈 Forex • Gold • Crypto
Trading is easier with the right people.
✔ Daily market analysis
✔ Free trade ideas
✔ Risk-first mindset
Join a community built for consistent traders.
👇 t.me/+eI88_T2fcIE0MTVl
Trading is easier with the right people.
✔ Daily market analysis
✔ Free trade ideas
✔ Risk-first mindset
Join a community built for consistent traders.
👇 t.me/+eI88_T2fcIE0MTVl
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.