Hi everyone,
GBP/USD has bounced off structural support and continued to move higher, showing signs of renewed buying interest.
This zone has previously acted as a strong support base, and the current reaction suggests there may be scope for further upside toward the previous consolidation levels above.
A decisive break above 1.37500 would reinforce our bullish outlook, with the next key target around 1.38400. We’ll be monitoring price action closely to see how this develops in the sessions ahead.
The longer-term outlook remains bullish, and we expect the rally to continue extending further from the 1.20991 January low towards 1.40000 and 1.417000.
We’ll be keeping you updated throughout the week with how we’re managing our active ideas. Thanks again for all the likes/boosts, comments and follows — we appreciate the support!
All the best for the week ahead. Trade safe.
BluetonaFX
GBP/USD has bounced off structural support and continued to move higher, showing signs of renewed buying interest.
This zone has previously acted as a strong support base, and the current reaction suggests there may be scope for further upside toward the previous consolidation levels above.
A decisive break above 1.37500 would reinforce our bullish outlook, with the next key target around 1.38400. We’ll be monitoring price action closely to see how this develops in the sessions ahead.
The longer-term outlook remains bullish, and we expect the rally to continue extending further from the 1.20991 January low towards 1.40000 and 1.417000.
We’ll be keeping you updated throughout the week with how we’re managing our active ideas. Thanks again for all the likes/boosts, comments and follows — we appreciate the support!
All the best for the week ahead. Trade safe.
BluetonaFX
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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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.