The price perfectly fulfilled my previous idea. 
GBPUSD is consolidating above the upward trendline after forming a local double top near the 1.3787 resistance zone. The price is currently retesting the 1.3611–1.3660 support cluster, aligned with the trendline and previous impulse breakout area. A successful bounce from this zone could initiate another rally toward the upper boundary of the resistance range.
📈 Key Levels
💡 Risks
GBPUSD is consolidating above the upward trendline after forming a local double top near the 1.3787 resistance zone. The price is currently retesting the 1.3611–1.3660 support cluster, aligned with the trendline and previous impulse breakout area. A successful bounce from this zone could initiate another rally toward the upper boundary of the resistance range.📈 Key Levels
- Buy zone: 1.3600–1.3660 (trendline + support overlap)
- Sell trigger: breakdown below 1.3600
- Target: 1.3787 – resistance ceiling with prior rejection
- Buy trigger: bullish reaction from 1.3611 area with strong candle close
💡 Risks
- Breakdown below 1.3600 may expose deeper retracement to 1.3367
- Repeated rejection at 1.3787 could form a longer-term double top
- Macro data surprises could shift short-term direction suddenly
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.