FX.co ★ Konnect2fx | GBP/USD

I believe the GBPUSD pair is poised for growth, and I was anticipating a test of the XamaSystem indicator on the daily timeframe, which has now occurred around the 1.2900-1.2835 zone. I acknowledge that another wave of decline within the broader southern correction could still materialize, potentially pushing the pair toward the lower border of the indicator. I even consider the possibility of a false breakout below this level, which would likely trap bearish traders before a reversal. However, I remain confident that the overall trajectory will shift upward, targeting the recent high at 1.3012, with a subsequent breakout aiming for the 1.3400 resistance level. I understand that growth could also initiate from current levels without further downside, but I am prepared for either scenario. I currently have a buy position open, and I plan to manage it by taking partial profits at key levels. I will close the first portion of my trade once the pair breaks above 1.3010, confirming the bullish momentum. I see the second profit-taking target at 1.3150, where I expect some resistance, but I will monitor price action closely to determine if the pair can extend gains toward 1.3400. I am aware that market conditions can change, so I will remain flexible and adjust my strategy if needed. I think the current correction is a healthy retracement within a larger uptrend, and I view any additional dips as potential buying opportunities.

I am particularly interested in how the price reacts near the XamaSystem indicator’s lower border, as a strong bounce would reinforce my bullish outlook. I also keep an eye on broader market factors, such as central bank policies and economic data, which could influence GBPUSD’s direction. I am committed to sticking to my plan, but I will not hesitate to exit early if the market shows signs of weakness. I believe patience and discipline are key, and I am confident in my analysis while remaining open to reevaluating if new information emerges. Ultimately, I expect GBPUSD to deliver a strong upward move, and I am positioned accordingly to capitalize on it.