GBPUSD: Bullish Reversal After Complex Price Development
GBPUSD recently completed a complex corrective structure and has now found strong demand near the lower support area.
The sharp rejection from 1.3340 and the current consolidation suggest that selling pressure is weakening and a bullish reversal is starting to develop.
Price is forming a base inside this zone, and as long as the pair holds above this support, the probability favors a continuation to the upside.
Targets:
🎯 1.3440
🎯 1.3480
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GBPUSD recently completed a complex corrective structure and has now found strong demand near the lower support area.
The sharp rejection from 1.3340 and the current consolidation suggest that selling pressure is weakening and a bullish reversal is starting to develop.
Price is forming a base inside this zone, and as long as the pair holds above this support, the probability favors a continuation to the upside.
Targets:
🎯 1.3440
🎯 1.3480
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.