Paun British / Dolar A.S.Panjang
4-hr GBP/USD: A 120 Pip Rally
After months of a downtrend, GBP/USD is showing signs of a potential recovery. In recent days, the pair has risen by 120 pips, with expectations for another 120-pip increase. The pair was heavily oversold, attracting buyers who are now driving the price higher. Crucially, the price broke above the immediate resistance at the 23% Fibonacci retracement level.
The next key resistance lies near the 61.8% Fibonacci level, at 1.2590, precisely 120 pips above the current price. With the ongoing bullish momentum and strong buyer activity, we anticipate the pair could test this level soon. If the 61.8% Fibonacci resistance is decisively breached, it could signal further gains and potentially confirm a trend reversal, marking the start of a broader upward trajectory. The focus remains on the pair's ability to sustain this momentum and surpass critical resistance levels.
The next key resistance lies near the 61.8% Fibonacci level, at 1.2590, precisely 120 pips above the current price. With the ongoing bullish momentum and strong buyer activity, we anticipate the pair could test this level soon. If the 61.8% Fibonacci resistance is decisively breached, it could signal further gains and potentially confirm a trend reversal, marking the start of a broader upward trajectory. The focus remains on the pair's ability to sustain this momentum and surpass critical resistance levels.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.