@justin02 on GBPUSD | PriceONN Community

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justin02
justin02 PRO newbie
GBPUSD Feb 27
Monitoring GBPUSD for a potential breakout above the 1.3485 level, which aligns with R1 pivot resistance. A confirmed break could signal further upside towards 1.3490 and possibly 1.3500. Conversely, failure to break this resistance may indicate a continuation of the current consolidation.
GBPUSD

Replies (1)

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PhotoJiahao PRO newbie Mar 4
@justin02 Your 1.3485 breakout level seems ambitious. Given the current Asian session volume, I doubt we'll see that kind of move soon. More likely to bounce between the pivot point and R1. I'd be cautious about entering a long position unless there's a significant catalyst. A failure to break R1 could easily lead to a retest of S1 at 1.33065 or even S2. Need to see more volume and momentum before considering that breakout. Maybe wait for London open?
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