GBPUSD Technical Outlook
Trading is not just to enter into the market, do analysis, place a buy or place a sell. Trading is a business and the best way to treat it is to be cautious as sexy as it is so it is as well dangerous. Therefore, the best advice that I can give is only trade with what you can afford to lose.
On a monthly time frame we can see that GBP/USD is approaching a resistance zone that has been tried twice and it is building up to make that zone strong. The 1.41422 zone seems to be the next target before we can expect a little bearish. We will be looking at smaller time frames to get a better picture of what the market is actually saying.
As we can see here on the weekly Time Frame, we will observe a clearer picture of the currency pair. One has to be very careful in making a decision at this stage because there stands another valid resistance at this 1.37124 zone. As for me I will just stay clear the market for now until a clear decision is made by the pairs. However, a better look on the daily will be helpful.
At this very Time frame we can see that there is a consolidation going on here. Since the middle of may 2025 this currency pair has been in a range between 1.31891 and 1.37124. Therefore, for those who trade intraday is to look for a buy or selling opportunity between these two zones and make their decision.
Trading is very risky investment, therefore only trade what you can afford to lose
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