GBP/USD Testing Key Resistance at 1.2770 – Breakout or reversal?
Technical analysis shows that GBPUSD is near a psychological resistance range of 1.2750-1.2770. If the price breaks above this resistance, there is strong potential for an upward movement toward 1.2800-1.2850, supported by momentum indicators such as RSI and MACD, which still indicate a weak bullish trend.
Trading Recommendations:
Entry Point (TP1): 1.2761
Target 1 (TP2): 1.2940
Target 2 (TP3): 1.3160
Stop Loss: 1.2500
Trading Recommendations:
Entry Point (TP1): 1.2761
Target 1 (TP2): 1.2940
Target 2 (TP3): 1.3160
Stop Loss: 1.2500
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.
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.