From TradingView · · 30s
GBP/USD Bullish Shift
Saxo chart shows GBP/USD breaking down after Oct 29 consolidation.
In brief
Saxo chart shows GBP/USD breaking down after Oct 29 consolidation. GBP/USD broke resistance at 1.34192 on Oct 29, 20, with bullish momentum expected to continue. Originally reported by TradingView.
Market Structure
Price dropped from 1.36700 to 1.31372 low before rebounding to 1.34192 high.
Trade Plan
Entry zone 1.32782 to 1.32449 with stop loss below 1.31782 and take profit at 1.35680.
Key Levels
Resistance at 1.34192, support at 1.32782, and invalidation below 1.31782.
The big picture
GBP/USD broke resistance at 1.34192 on Oct 29, 20, with bullish momentum expected to continue.
