GBPUSD Experiences a Bullish Breakout

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Market Analysis – May 8

GBPUSD bullish breakout and retest above the bearish channel played out successfully. The price rise has reached the supply zone of 1.26810.

GBPUSD Key Levels

Demand Levels: 1.18190, 1.11410, 1.0360
Supply Levels: 1.26810, 1.29830, 1.32990

GBPUSD experiences a bullish breakout

GBPUSD Long-Term Trend: Bullish

GBPUSD upward trend seemed to have reversed after the failed swing witnessed in the first quarter of the year. Lower highs on the 24-hour chart also seemed to be a reversal.

The buyers were awakened by the test of the support level of 1.18190 in March. The appearance of three white soldiers was an obvious sign of the emergence of the Bulls. A shift in the market structure led to an ascent and eventually a break from the parallel channel.
GBPUSD experiences a bullish breakout

GBPUSD Short-Term Trend: Bullish

A retest of the resistance border of the channel made it function as a support. The price has delivered to the supply level of 1.28160, with lower momentum and volatility seen with the size of the daily candles and the angle of the ascent. On the lower timeframe, a bullish breakout and retest from a rising wedge below the supply level of 1.26810 are obvious. The contention currently exists as the Buyers attempt to break the supply level of 1.26810 to reach 1.28930.’

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *