GBPUSD Reaches a Critical Level

GBPUSD – H1 Timeframe

GBPUSD, on the 1-hour timeframe, is currently leaning on a demand zone that overlaps trendline support. The double break of structure, FVG area, and the sweep of liquidity from the inducement contribute additional confluence to the bullish sentiment on GBPUSD;

The double break of structure;
Trendline support;
Drop-base-rally demand zone;
FVG and Liquidity sweep.

A break below the trendline support, followed by a retest of the trendline would signal a bearish onset.

Analyst’s Expectations:

Direction: Bullish

Target- 1.28958

Invalidation- 1.27018

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

Share with friends:

Author: Adetola-Freeman Ogunkunle

Open an FBS account

By registering, you accept FBS Customer Agreement conditions and FBS Privacy Policy and assume all risks inherent with trading operations on the world financial markets.