Hi everyone,
The impulsive move higher from the 1st August low continues to reinforce our bullish outlook on GBP/USD.
The current correction is approaching the 1.34400–1.34750 zone, where we expect strong support to emerge, potentially setting the stage for a renewed push higher toward the 1.36850 resistance level.
A decisive break above this resistance would bring our next key upside targets into play.
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
The impulsive move higher from the 1st August low continues to reinforce our bullish outlook on GBP/USD.
The current correction is approaching the 1.34400–1.34750 zone, where we expect strong support to emerge, potentially setting the stage for a renewed push higher toward the 1.36850 resistance level.
A decisive break above this resistance would bring our next key upside targets into play.
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.