GBP/USD Recovers GBP/USD is attempting a recovery wave above the 1.2500 resistance. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a fresh increase above 1.2420. - There was a break above a key bearish trend line with resistance at 1.2455 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.2600 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.2500 support against the US Dollar. Finally, the pair tested the 1.2350 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.2450. The pair even climbed above the 1.2500 level. There was a break above a key bearish trend line with resistance at 1.2455. The pair climbed above the 50% Fib retracement level of the downward move from the 1.2607 swing high to the 1.2352 low. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2545 or the 76.4% Fib retracement level of the downward move from the 1.2607 swing high to the 1.2352 low. The next major resistance is near 1.2605. A close above the 1.2605 resistance zone could open the doors for a move toward 1.2650. Any more gains might send GBP/USD toward 1.2750. On the downside, there is decent support forming at 1.2480. If there is a downside break below 1.2480, the pair could accelerate lower. The first major support is near the 1.2455 level. The next key support is seen near 1.2410, below which the pair could test 1.2350. Any more losses could lead the pair toward the 1.2220 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
ZEN/USDT: On the Verge of a Breakout After Rejection at Resistance ZEN/USDT is showing signs of a potential breakout ? after facing rejection at a key resistance level ?. The pair has been testing the upper boundary, creating anticipation for a bullish rally ?. A successful breakout could pave the way for significant upward momentum ?. Stay alert ? for confirmation to take advantage of this opportunity. Key insights: 1. Resistance testing: ZEN/USDT has repeatedly tested the resistance zone but has not yet broken through. Continued pressure at this level increases the likelihood of a breakout soon. 2. Volume analysis: Watch for a volume surge during the breakout to confirm buyer dominance ?. 3. Positive momentum: Indicators like RSI and MACD are signaling building strength ⚡, supporting the possibility of a bullish move. Steps to confirm the breakout: Look for a decisive 4H or daily candle close above the resistance level ?. A noticeable increase in volume accompanying the breakout can confirm buying strength ?. A retest of the broken resistance as support will validate the move and reduce risks ✅. Be cautious of false breakouts, such as sharp reversals or wicks above resistance ⚠️. Risk management strategies: Use tight stop-loss orders to protect your capital ?. Position sizing should align with your overall risk management plan ?. Avoid emotional trading and wait for confirmation before entering a position. This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) ? before making any investment decisions.
The forex pair GBPUSD is currently trading at 1.25600, with a target price set at 1.28000, indicating a potential gain of over 200 pips. The price action showcases a falling wedge pattern, a bullish reversal formation, which has already broken out to the upside. This breakout confirms a shift in momentum, aligning with the bullish prediction made in prior analysis. Falling wedges typically suggest decreasing bearish pressure, paving the way for buyers to dominate. The breakout signifies a strong upward move, reinforcing confidence in the target price. Traders may see this as an opportunity to capitalize on the bullish trend. However, market conditions, such as economic data or geopolitical events, should still be monitored. Proper risk management remains essential to mitigate potential losses. This setup highlights the importance of technical analysis in identifying profitable trading opportunities.
This chart represents Ethereum (ETH/USD) on the 4-hour timeframe, showing a clear ascending channel. After a significant bullish movement, the price has reached a resistance zone near $3,833.51 and is showing signs of potential rejection. The chart outlines a short trade setup with a target near the $3,524.19 and $3,417.95 support zones. Key Levels: Resistance: $3,833.51 Current price zone: $3,745.95 (potential pivot) Support zones: $3,524.19 and $3,417.95 Fundamental Note: Ethereum's performance could be influenced by overall crypto market sentiment, regulatory updates, or advancements in blockchain technology, particularly related to network upgrades or institutional adoption trends.
BINANCE:MANAUSDT MANA was in a double bottom pattern! but the pattern has already been broken so we can expect it to rise from here! the resistance once MANA had to deal with, now has become It's support! MANA can retest The support line before ascending further. and Targets for MANA are around 0.655 & 0.7795 ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. ? Follow me for daily updates, ? Comment and like to share your thoughts, ? And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! ?✨
Finastra has anounced a major leadership change as Simon Paris steps down as Chief Executive Officer after nearly ten years at the helm.
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