💱 GBPUSD - The retest of the level of 1.25000. Breakout or rebo

١٥ مايو ٢٠٢٣

GBPUSD forms a rebound from the support of the uptrend channel, demonstrating the relevance of the bullish trend.

TA on the high timeframe:
1) A bearish takeover is not yielding much at the moment. The market is starting to buy back the decline
2) The trend is still bullish and with high probability it may continue
3) The fundamental background is moderate.

TA on a low timeframe:
1) Price fails to reach channel support by a few tens of points and bounces off, forming a retest of the upward resistance line
2) It is possible that the market maker forms a trap and sends the price to channel support after the resistance rebet.
3) The uptrend line plays a key role at the moment, as it will decide the currency pair's fate in the near future
4) From the 1.25000 area, the price will either start rising or falling, depending on where the price is consolidating. If it is above the level, the growth will continue, if it is below the level, the price will continue falling.

Key resistance: 1.25000, 1.25400
Key support: 1.2484, 1.2453

١٦ مايو ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

Achieving this goal, followed by a rollback