GBP/USD Price Forecast – Head & Shoulders Breakout!

13 Feb

The GBP/USD pair is forming a Head & Shoulders pattern, signaling a potential bullish breakout! The market is respecting the trendline, and we just need a strong bullish candle above the neckline for confirmation.

📊 Technical Analysis

✅ 📉 Head & Shoulders Pattern – A bullish reversal setup
✅ 📈 Trendline Support – Market structure is holding
✅ 🔥 Breakout Confirmation – A strong bullish candle is key

🎯 Target Levels:

📌 1.277 – First short-term target
📌 1.302 – Mid-level resistance zone
📌 1.340 – Final extended target

📢 Trading Strategy:

🔹 Wait for breakout above the neckline with volume confirmation
🔹 Ensure strong momentum before entering 🚀
🔹 Hold while trendline remains respected
🔹 Set stop-loss below the breakout zone for risk management

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7 hari lalu

Dagangan aktif

🚀 GBP/USD Neckline Breakout Successful! 📈🔥

The breakout is confirmed—momentum is strong! Keep holding for the final target and maximize gains. 💰

🎯 Final Target:

📌 Last Target Level 1.340

📢 Stay patient, manage risk & let the trade play out!

Let’s kill this target! 🚀🔥