GBPUSD weekly base Correction Downside Support 1.2510
Daily base immediate support is seen at the level of 1.2620 where a price bounces back to resistance 1.2730.
The GBP/USD keeps getting away from the upper main channel line and just a few hours ago bulls have managed to push the price towards the short-term supply zone located between the levels of 1.2747 - 1.2786. So far the price was rejected from the zone, but the momentum is still strong and positive, so another wave up is very likely.
1.2780 Expecting strong downside correction weekly base. keep on eye 1.2780-12800 level to sell.
Weekly Support /Resistance
WR3 - 1.3258
WR2 - 1.2986
WR1 - 1.2861
WS1 - 1.2510
WS2 - 1.2389
WS3 - 1.2084
The GBP/USD keeps getting away from the upper main channel line and just a few hours ago bulls have managed to push the price towards the short-term supply zone located between the levels of 1.2747 - 1.2786. So far the price was rejected from the zone, but the momentum is still strong and positive, so another wave up is very likely.
1.2780 Expecting strong downside correction weekly base. keep on eye 1.2780-12800 level to sell.
Weekly Support /Resistance
WR3 - 1.3258
WR2 - 1.2986
WR1 - 1.2861
WS1 - 1.2510
WS2 - 1.2389
WS3 - 1.2084
Trade closed: target reached:
we reached 1st target +320 pips