GBPUSD: Important Key Levels & Structure Analysis 🇬🇧🇺🇸

13. Nov. 2023

https://www.tradingview.com/x/4FuVVZjj/

Here is my latest structure analysis for GBPUSD.

Horizontal Key Levels

Support 1: 1.2039 - 1.2110 area

Resistance 1: 1.2390 - 1.2463 area
Resistance 2: 1.2508 - 1.2580 area

Vertical Structures

Vertical Support 1: Falling trend line
Vertical Support 2: Falling trend line

The pair nicely respected a confluence point based on 2 falling trend lines.
Doji candlestick formation on that increases the probabilities that the pair will go higher.

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14. Nov. 2023

Anmerkung

Price nicely reacted to a confluence zone based on 2 trend lines.
We can anticipate a further growth before the fundamentals: