📌 Reason for Entry: Resistance at 1.26493 suggests bearish momentum targeting 1.26345 and 1.26034.
💡 Summary GBPUSD is trading at 1.26200, with resistance levels at 1.27559, 1.27846, and 1.28309, and support levels at 1.26034 and 1.25881. Swing high is at 1.30480, and swing low is at 1.24872. A buy setup is favorable near 1.26034, targeting 1.26632 and 1.27095, while a sell setup at 1.26493 targets 1.26345 and 1.26034.
GBPUSD I appreciate your input—if you have any concerns or different perspectives, please don’t hesitate to share them with me.
GBPUSD Buy Limit: 1.26616 Stop Loss: 1.26500 Take Profit 1: 1.26660 Take Profit 2: 1.26800 Take Profit 3: 1.26900
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Hello Traders, I would like to share my daily analysis and quality intraday setups for different assets such as XAUUSD, EURUSD, US30, USDJPY, GBPUSD. Please feel free to ask any questions. I am here to help you. Lets learn together.
Entry Price: 1.24909 Stop Loss: 1.24700 Take Profit 1: 1.25250 Take Profit 2: 1.25580
Reason for Entry: The entry aligns with a strong Fibonacci retracement support zone around 1.24909. Price action indicates bullish rejection at this level, suggesting a potential move toward key resistance zones.
🔹Sell Setup
Entry Price: 1.26188 Stop Loss: 1.26400 Take Profit 1: 1.25850 Take Profit 2: 1.25490
Reason for Entry: The entry is positioned near a significant daily resistance level and Fibonacci extension zone around 1.26188. This area has shown strong selling pressure historically, increasing the probability of a bearish reversal.