By analyzing the GBP/USD chart on the 1-hour timeframe, we can see that after climbing to 1.31900, the pair has entered a new bullish scenario and is now trading around 1.31700.
I expect to see a minor pullback first, after which we’ll need to see if the price can hold above 1.31500 — if it does, we can anticipate further upside movement.
The first target for this potential rise is 1.31980.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
I expect to see a minor pullback first, after which we’ll need to see if the price can hold above 1.31500 — if it does, we can anticipate further upside movement.
The first target for this potential rise is 1.31980.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade closed manually
By analyzing the GBP/USD chart on the 1-hour timeframe, we can see that, as expected, the price first dropped to the 1.31450 demand zone, then bounced and rallied up to 1.31850.After reaching this level, GBP/USD faced selling pressure and fell sharply to 1.31160, before recovering slightly to trade around 1.31600 now.
If the price fails to break and hold above 1.31850, we can expect another bearish move ahead.
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⚜️ Free TG Channel : t.me/PriceAction_ICT
✅ Trade directly on TradingView with Opo 👉 bit.ly/4nw4Dzz
✅ OneBullEx | Spartan Arena
Real-market trading competition
onebullex.com/register?inviterCode=7KmSDn
✅ Trade directly on TradingView with Opo 👉 bit.ly/4nw4Dzz
✅ OneBullEx | Spartan Arena
Real-market trading competition
onebullex.com/register?inviterCode=7KmSDn
Related publications
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.