GBPUSD holds 1.23 and prepares to jump?
Hello All!
The GBP/USD pair is clinging to 1.23 like a cat to a warm laptop. If nothing shakes it loose, there’s a high chance it will crawl up to the 1.239–1.244 area.
But don’t get too excited—this is where the pair will face a veteran resistance level, the 200-period moving average on the 4-hour chart, and the upper boundary of the H4 downtrend. In other words, a whole party of obstacles is waiting to greet it.
So, it might be a good idea to lock in profits at this point.
However, if the pair suddenly decides to flex its muscles and break out of the local parallel channel, consolidating above the 4-hour moving average, it could make a daring leap toward the next resistance level at 1.26.
And yes, this might happen without much of a correction—like skipping leg day at the gym.
Stop-loss? Safely below the 1.23 level—because no one likes unpleasant surprises!
The GBP/USD pair is clinging to 1.23 like a cat to a warm laptop. If nothing shakes it loose, there’s a high chance it will crawl up to the 1.239–1.244 area.
But don’t get too excited—this is where the pair will face a veteran resistance level, the 200-period moving average on the 4-hour chart, and the upper boundary of the H4 downtrend. In other words, a whole party of obstacles is waiting to greet it.
So, it might be a good idea to lock in profits at this point.
However, if the pair suddenly decides to flex its muscles and break out of the local parallel channel, consolidating above the 4-hour moving average, it could make a daring leap toward the next resistance level at 1.26.
And yes, this might happen without much of a correction—like skipping leg day at the gym.
Stop-loss? Safely below the 1.23 level—because no one likes unpleasant surprises!
Trade chiuso: obiettivo raggiunto
TP-1 zone reached Nota
TP-2 zone reached
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