🚀 GBP/USD Analysis & Forecast
GBP/USD has rejected its support zone and is now showing a strong bullish trend, signaling potential upside movement.
🔄 Key Levels to Watch
Buy Zone: 1.23935
Resistance Zone: 1.25500 (Key level to break for further upside)
Support Zone: 1.22800 (Strong base for buyers)
Technical Target: 1.27350
🔍 Market Outlook
Bullish Confirmation: The price has bounced from 1.22800, confirming buyer strength.
Breakthrough Levels: A move above 1.25500 could accelerate bullish momentum toward 1.27350.
Pullback Opportunities: If GBP/USD retests 1.23935, it could provide a fresh buying opportunity before the next move up.
💡 Trading Plan:
Buy above 1.23935, targeting 1.25500 first, then 1.27350.
Stop-loss: Below 1.22800 to protect against downside risk.
Watch price action at 1.25500 for breakout confirmation.