GBPUSD is rebounding from the 1.3390 support level after completing a triangle breakdown and retesting the lower support zone. A potential double-bottom pattern is forming near the key support area, signaling a short-term bullish reversal. If bulls reclaim the descending blue trendline, momentum could drive price back toward the 1.3550 resistance level. This retracement would mark a corrective phase within the larger structure, offering an upside opportunity.📉 Key Levels
- Buy trigger: bullish rejection from 1.3390 with recovery above 1.3440
- Buy zone: 1.3390–1.3440 (demand and bounce structure)
- Target: 1.3550
- Invalidation: 4H candle close below 1.3390 support breaks bullish setup
💡 Risks
- Failure to break above trendline could result in further consolidation
- Macroeconomic news may override technical rebound
- Downtrend pressure remains unless higher lows are confirmed
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Trade active
Active - on support zone
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🌎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.
💰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.