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British Pound / U.S. Dollar
Long
Updated

The bearish wave recovery ends and a new bullish wave begins

145
✏️ GBPUSD After a long downtrend that touched the important support zone of 1.138 GBPUSD has recovered to the upside. The h4 candle has just closed above the accumulation zone of 1.345 to continue the upward momentum towards the peak of 1.367. The price line also created a trendline supporting the main uptrend of the pair, and the price line can follow the uptrend to the Target.

📉 Key Levels
  • Support: 1.345 - 1.338
  • Resistance: 1.360-1.367
  • Buy Trigger: Rejects above 1.345
  • Buy zone: 1.348-1.345
  • Target 1.367


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Trade active
BUY Signals running with 30 pips profit. The Price is heading to TP
Trade closed: target reached
+ 100 pips for this analysis about GBPUSD

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