GBP/USD outlook: hit 1.2725 target next is 1.2930

Pound dollar technical analysis

Pound dollar technical analysis

Gbp usd pair is trading at 1.2750 with gain. Pound is in uptrend and we saw bullish breakout above 1.2465. My target was 1.2725 which pound achieved yesterday and now heading for my next swing target of 1.2930.   Gbp usd is in strong buying demand and seeing value buying on weekly and well as monthly charts. Weekly closing above 1.2930 will confirm super bullish trend and targets of 1.3190 and 1.33.   Gbp usd weekly chart suggesting target of 1.33 for this rally. On weekly chart, gbp/usd support zones are 1.26 and 1.23 and these are fresh buying zones on correction.

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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