Technical Analysis:
Price Pattern: GBP/USD is currently in an uptrend with strong support at 1.34300 and resistance near 1.35900.
EMA: The 34-period EMA has crossed above the 89-period EMA, indicating the strength of the uptrend.
Signal: Price has just broken through the 1.35200 resistance zone, suggesting that the strong uptrend may continue.
News:
After remarks from Fed officials at the Jackson Hole Symposium, the USD weakened, allowing GBP/USD to benefit and providing an opportunity for further gains.
Trading Strategy:
Uptrend: If price stays above 1.35200, the pair could continue rising, targeting 1.35900 and potentially 1.36500.
Support Levels: If price pulls back and holds above 1.34300, the uptrend will be further confirmed.
Price Pattern: GBP/USD is currently in an uptrend with strong support at 1.34300 and resistance near 1.35900.
EMA: The 34-period EMA has crossed above the 89-period EMA, indicating the strength of the uptrend.
Signal: Price has just broken through the 1.35200 resistance zone, suggesting that the strong uptrend may continue.
News:
After remarks from Fed officials at the Jackson Hole Symposium, the USD weakened, allowing GBP/USD to benefit and providing an opportunity for further gains.
Trading Strategy:
Uptrend: If price stays above 1.35200, the pair could continue rising, targeting 1.35900 and potentially 1.36500.
Support Levels: If price pulls back and holds above 1.34300, the uptrend will be further confirmed.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.
Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.