GBP/USD at a Decision Point: Breakout or Breakdown?
GBP/USD is currently trading around 1.24302, sitting at a key decision zone. This consolidation signals an upcoming major move, depending on whether GBP/USD breaks out or gets rejected.
✅ Bullish Outlook
If GBP/USD breaks and holds above 1.24481, it could trigger a strong rally toward:
1.24740 - 1.25023 (Major resistance zone)
A breakout above this zone may lead to further bullish momentum.
❌ Bearish Outlook
If GBP/USD fails to break above 1.24481 and faces rejection, it may drop toward:
1.24015 (First key support)
1.23455 (Critical support area for a deeper correction)
🔥 Key Takeaway
The 1.24481 - 1.24740 range is the decision point:
Breakout = Bullish Trend 📈 | Breakdown = Bearish Correction 📉
⚠️ Risk management is crucial – Always trade with caution and plan accordingly! 🚨
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