SasanSeifi| Will Price Break Through 1.32390?

вчераHey there, ✌ GBPUSD In the 2-hour timeframe, as observed, the price started an upward move from the 1.30 level, reaching up to the previous high of 1.32390. After failing to break this previous high, the price retraced and pulled back to the liquidity level at 1.31400. Following this correction and some sideways movement, new demand emerged, and the price is currently trading around the previous high of 1.32290.

With the current momentum, there is potential for a breakout above the 1.32290 and 1.32390 levels. If the price can hold above 1.32, the upward trend is expected to continue, targeting 1.32650 next. After a minor pullback, the price could also rally towards the 1.33 target.

To better understand the ongoing trend, it’s important to monitor the price’s reaction to key levels. Key support areas in the short-term timeframe are located at 1.31850 and 1.31400. Additionally, if the price breaks below the 1.31400 – 1.31100 range and holds, the likelihood of a deeper correction increases for some time.

This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊

13 часов назад

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🚀95 PIPS 🤑
TP:1.33 ✅

🔶Is 1.33500 the Next Target?


As you can see, the price has followed the anticipated scenario, breaking above the 1.32390 level and gaining around 40 pips towards the first target. After a minor pullback, it resumed its upward movement and reached the second target at 1.33, gaining nearly 100 pips.

Following this upward move, the price experienced a deeper correction down to the 1.31500 area. After gathering liquidity and gaining more momentum, it is now pushing towards the 1.32650 zone. If the price stabilizes above 1.32650, we can expect a potential break of the 1.33 level, with further growth towards the 1.33500 target.

Keep in mind that price stabilization above this key level is crucial for continued bullish momentum. However, if we see a weakening of momentum and confirmation of a pullback, the price might enter a consolidation phase.

his analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊