Mar 19, 2025
Trade ideas
GBP H4
The asset continued its upward movement, but after testing the resistance level of 1.3009, the price started to decline. Now, the asset is testing the critical support level of 1.2965 and the uptrend level. A breakdown of this zone may lead to a reversal and a move to 1.2930.
If the price breaks the level of 1.2965, it will start to decline to 1.2930.
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.
Author: FBS Analyst Team
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