✅ Bullish Breakout (if breaks 1.3666):
Target: 1.3680–1.3700
Confirmation: Price closes above resistance with strong volume
❌ Bearish Rejection (if rejected at 1.3637–1.3666):
Target: 1.3610, possibly 1.3588
Watch for: Bearish candlestick pattern at resistance + drop in volume
✅ Summary:
GBP/USD is recovering strongly but faces heavy resistance at 1.3637–1.3666.
Breakout above could open room toward 1.3700.
Rejection likely if momentum weakens near resistance, targeting previous lows.
Target: 1.3680–1.3700
Confirmation: Price closes above resistance with strong volume
❌ Bearish Rejection (if rejected at 1.3637–1.3666):
Target: 1.3610, possibly 1.3588
Watch for: Bearish candlestick pattern at resistance + drop in volume
✅ Summary:
GBP/USD is recovering strongly but faces heavy resistance at 1.3637–1.3666.
Breakout above could open room toward 1.3700.
Rejection likely if momentum weakens near resistance, targeting previous lows.
Trade active
Target successfully reached back from resistance trade closed
Trade closed: target reached
trade colse
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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.