BUY TREND in GBPUSD market,Breakout downtrend & resistance level

٢٩ نوفمبر ٢٠٢٤

📈 GBPUSD Price Forecast 📈

GBPUSD has broken out of the downward trendline, completed a retracement, and successfully broke above the 200 EMA—a strong bullish signal! 🚀
GBPUSD
Currently, the pair has also broken through a strong resistance level, which has now turned into support. A minor retracement to this support level is expected before the next bullish rally towards our target levels.

🎯 Technical Target Levels:
1.2730, 1.2754, 1.2810, 1.2860, and 1.2990.

📌 Key Highlights:

- Downward trendline breakout confirmed.
- 200 EMA breakout signals strong momentum.
- Previous resistance now acting as support.
✅ Stay tuned for more!

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Don’t miss out on the upcoming opportunities! 🚀
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#GBPUSD #ForexTrading #TechnicalAnalysis #TradingSignals

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Breakout the resistance level now taken a retracement there...