GBPUSD OUTLOOK
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GBPUSD Technical Analysis:
The price recently touched the resistance level of 1.2877 and subsequently reversed to test its previous barrier around 1.2740. As a result, the price is expected to consolidate between 1.2697 and 1.2820 until a breakout occurs.
The price recently touched the resistance level of 1.2877 and subsequently reversed to test its previous barrier around 1.2740. As a result, the price is expected to consolidate between 1.2697 and 1.2820 until a breakout occurs.
- Bullish Scenario: A break above 1.2819 will support a bullish trend, targeting the levels of 1.2877 and 1.2956.
- Bearish Scenario: the price can reach the support level at 1.2697. However, a break below this level is necessary to initiate a bearish trend towards 1.2541.
Key Levels:
Pivot Price: 1.2750
Resistance Levels: 1.2877, 1.2956, 1.3037
Support Levels: 1.2697, 1.2620, 1.2541
The price movement is expected to oscillate between the resistance at 1.2956 and the support at 1.2697.
Nota
the price moved as we mentioned in the chart so now still consolidated between 1.28200 and 1.2700
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Urgent News ⚡️:
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