GBPUSD at a Crossroads: Range Trading with a Bearish Bias

Cable is showing signs of short-term consolidation with bearish bias if it fails to reclaim key resistance. Price action and momentum favor range control unless a breakout forms.
Headway | 218 days ago

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Key Levels:

Resistance: 1.3745 – 1.3765

Support: 1.3680 – 1.3660

Breakout level: above 1.3770 for bullish continuation

Breakdown trigger: below 1.3660 for deeper pullback

Trade Setups:🟢 Bullish Break: Long above 1.3770 → TP 1.3815 / 1.3850SL below 1.3740

🟡 Range Buy: Long around 1.3680 – 1.3660 → TP 1.3745SL below 1.3635

🔴 Range Sell: Short near 1.3745 – 1.3765 → TP 1.3680 / 1.3660SL above 1.3785

Bearish bias if price stays under resistance; shift bullish only above 1.3770.

Trade smart with Headway

Headway
Type: STP, ECN
Regulation: FSCA (South Africa)
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