GBP/USD has reclaimed the key psychological level of 1.35000, which now serves as a foundational support zone. The analysis presents a cautiously optimistic outlook, with medium-term momentum shifting toward the bulls based on the H4 chart MAs. Two potential trade setups are detailed: a Bullish Retest near 1.35380-1.35400 and a Breakout Play above the 1.35844 […]
The post GBP/USD Potential Trade Setups: Two Opportunities on the Bullish Retest and Breakout Play appeared first on ActionForex.
Key Highlights GBP/USD started a fresh increase from the 1.3450 support zone. A rising channel is forming with resistance at 1.3660 on the 4-hour chart. EUR/USD could regain traction if it clears the 1.1750 resistance. Read more…
New Zealand’s labor market showed tentative signs of stabilization in the first quarter, with the unemployment rate unexpectedly falling from 5.4% to 5.3%, below expectations for no change. Employment rose 0.2% qoq, slightly under the Read more…
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