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.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📈 Forex • Gold • Crypto
Trading is easier with the right people.
✔ Daily market analysis
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✔ Risk-first mindset
Join a community built for consistent traders.
👇 t.me/+eI88_T2fcIE0MTVl
Trading is easier with the right people.
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✔ Free trade ideas
✔ Risk-first mindset
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👇 t.me/+eI88_T2fcIE0MTVl
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.