Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
GBPUSD Analysis – Sellers Approach 1.26300 Key Level
GBPUSD gives in to bearish pressure. The pair has been feeling the pressure of the bearish market recently, as sellers are now pushing the price back to the key level of 1.26300. This level had been breached just last week, and buyers were optimistic that they could continue to drive the price up.
However, the GBPUSD reversed its buying opportunities in February, when the bulls picked up momentum from the 1.18000 key zone. This led to buyers driving the price up to the 1.26300 market level, only for sellers to drive the price back down to the 1.23110 key zone.
As a result, the 1.26300 key level was eventually breached, and the pair has been struggling to maintain the gains it had previously made.
GBPUSD Key Levels
Resistance Levels: 1.30020, 1.23110
Support Levels: 1.18000, 1.11620
GBPUSD Long-Term Trend: Bullish
The current retracement in the forex market could be a sign of a pullback, as the overall trend still indicates a bullish market. However, the Stochastic indicator signals that the sellers are in control, which could mean that a reversal is likely in the near future.
Traders should carefully watch for signs of a price retracement, as that could be the first indication that the market is about to turn bearish.
If a forceful breakout is observed, this could be a sign that the market is preparing to reverse course and enter a bearish trend. Traders should closely monitor the market for clear signs of a breakout, as well as any price movements that may indicate a trend reversal.
GBPUSD Short-Term Trend: Bullish
The bulls are still ready to fight back for dominance against the selling retracement. The Stochastic Oscillator appears oversold as buyers are ready to fight against selling efforts in the market.
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
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
