Here’s my updated resistance zone analysis for GBP/USD, combining all the technical and fundamental data:
Resistance Levels & Why They Matter
1.3265 – Immediate Resistance
GBP/USD tested this level today, and it acted as a short-term barrier.
This level aligns with recent swing highs and pivot point calculations, making it a key area where sellers may step in.
1.3305 – Next Resistance Zone
If price breaks above 1.3265, the next resistance is around 1.3305, based on historical price action and pivot analysis.
This level has previously acted as a turning point, meaning traders may look to take profit or enter short positions here.
1.3430 – Stronger Resistance
This level was identified in recent market analysis as a former multi-month high.
If GBP/USD continues its bullish momentum, this could be a major resistance zone where price struggles to push higher.
1.3640 – Long-Term Resistance Target
If GBP/USD breaks above 1.3430, the next major resistance sits at 1.3640, which has historically been a strong reversal point.
This level represents a significant psychological barrier, where traders may reassess the trend direction.
How I Derived These Levels
Price Action Review: I analyzed recent swing highs and lows to identify key turning points.
Pivot Point Calculations: Using the formula (High + Low + Close)/3, I confirmed resistance zones that align with historical price behavior.
Market Analysis: External sources also highlighted 1.3430 and 1.3640 as critical resistance levels2.
Moving Averages & Trendlines: These levels coincide with key moving averages, reinforcing their importance.
Final Thoughts
With GBP/USD currently at 1.32464, I’m watching 1.3265 as the immediate resistance. If price breaks above that, 1.3305 is the next target, followed by 1.3430 and 1.3640 for longer-term moves. These levels are based on a combination of technical indicators, price action, and external market analysis.
PLEASE BE ADVISED THAT THINGS CAN CHANGE..! PLEASE FOLLOW MY ANALYSIS TO OBTAIN ANY UPDATED INFO REGARDING GBPUSD.
Resistance Levels & Why They Matter
1.3265 – Immediate Resistance
GBP/USD tested this level today, and it acted as a short-term barrier.
This level aligns with recent swing highs and pivot point calculations, making it a key area where sellers may step in.
1.3305 – Next Resistance Zone
If price breaks above 1.3265, the next resistance is around 1.3305, based on historical price action and pivot analysis.
This level has previously acted as a turning point, meaning traders may look to take profit or enter short positions here.
1.3430 – Stronger Resistance
This level was identified in recent market analysis as a former multi-month high.
If GBP/USD continues its bullish momentum, this could be a major resistance zone where price struggles to push higher.
1.3640 – Long-Term Resistance Target
If GBP/USD breaks above 1.3430, the next major resistance sits at 1.3640, which has historically been a strong reversal point.
This level represents a significant psychological barrier, where traders may reassess the trend direction.
How I Derived These Levels
Price Action Review: I analyzed recent swing highs and lows to identify key turning points.
Pivot Point Calculations: Using the formula (High + Low + Close)/3, I confirmed resistance zones that align with historical price behavior.
Market Analysis: External sources also highlighted 1.3430 and 1.3640 as critical resistance levels2.
Moving Averages & Trendlines: These levels coincide with key moving averages, reinforcing their importance.
Final Thoughts
With GBP/USD currently at 1.32464, I’m watching 1.3265 as the immediate resistance. If price breaks above that, 1.3305 is the next target, followed by 1.3430 and 1.3640 for longer-term moves. These levels are based on a combination of technical indicators, price action, and external market analysis.
PLEASE BE ADVISED THAT THINGS CAN CHANGE..! PLEASE FOLLOW MY ANALYSIS TO OBTAIN ANY UPDATED INFO REGARDING GBPUSD.
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.