GBP/USD: On the Edge – Breakout or Breakdown?
GBP/USD is locked in a tug-of-war around the 1.2637 zone, but history suggests that this level has rejected buyers at least twice before. The shadow of resistance looms large, and if history repeats itself, a strong correction could be on the horizon.
On the 4H chart, price is stuck between the EMA 34 and EMA 89, showing clear signs of weakening momentum. If GBP/USD fails to break through 1.2637, it risks sliding down to 1.2532 and even 1.2454 – where key support is patiently waiting.
Warning: The upcoming UK Retail Sales data will act as the key catalyst. If the numbers exceed expectations, GBP may hold its ground. However, if the data disappoints, the fall could happen faster than expected!
On the 4H chart, price is stuck between the EMA 34 and EMA 89, showing clear signs of weakening momentum. If GBP/USD fails to break through 1.2637, it risks sliding down to 1.2532 and even 1.2454 – where key support is patiently waiting.
Warning: The upcoming UK Retail Sales data will act as the key catalyst. If the numbers exceed expectations, GBP may hold its ground. However, if the data disappoints, the fall could happen faster than expected!
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🚀 Join my Telegram channel now: t.me/+VLlFOChDdhtiYzU1 to receive super-fast and super-accurate trading signals 📈. With a win rate of up to 85%, success is just a click away! 🔥
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.