Libra Esterlina/Dólar Americano
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Lingrid | GBPUSD Divergence at Critical RESISTANCE Level

1509
The price perfectly fulfilled my previous idea. It hit the target level. GBPUSD market is currently making higher highs; however, it appears to be losing momentum as the price approaches the key level at 1.27000. Additionally, a bearish divergence suggests that a pullback may be imminent. The price has been moving sideways in a range zone since Friday, reflecting indecision at this level. Thus, I think the market might form a spike to take liquidity above the recent highs before pushing lower. The last weekly candle is a small doji-like candle, which often indicates a potential reversal, especially as the price is nearing a key resistance zone. My goal is support zone around 1.25075


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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