Ozilcapital Company|| Technical Trading News

Market Overview Bearish Sentiment Continues The GBP/USD pair remains under a bearish outlook, according to the latest technical analysis. Since the start of the year, the market has followed a downtrend, with price retracing to key levels that failed to hold. The ongoing structural shift suggests that after every rally or drop, a retracement occurs before the trend resumes its original direction. Key Price Levels and Market Structure The current GBP/USD price is at 1.21361, a significant level to watch. The 1.26082 level was previously identified as a strong rejection zone, reinforcing the current bearish bias. If price fails to find support, a further drop toward 1.18040 is possible, aligning with the weekly timeframe target. Potential Swing Movement Sell Bias Dominates With the market reopening on Monday, February 17, 2025, traders should avoid rushing into early sell positions. Instead, the Asian session presents a better opportunity to assess price action before considering short e...

1. This Week’s Price Recap The British Pound (GBP) demonstrated strong bullish momentum against the US Dollar (USD) on the 15-minute chart. A significant rejection at key levels triggered a sharp rally, breaking major resistance zones and reinforcing the pair’s upward trajectory. 2. Major Key Price Level  1.26082 During the rally, the price level of 1.26082 played a crucial role as a major resistance point. This level served as both a target for the bulls and a potential catalyst for a reversal. The market saw a reaction at this level, leading to increased volatility. 3. Upcoming Week Outlook Bearish Bias After testing and breaking the key price level, GBP/USD has started showing signs of rejection. The current trend suggests a bearish sentiment, with expectations of further declines in the coming week. Traders should watch for potential downside movements as the market reacts to these developments. 4. Execution and Key Price Levels A key price target for the pair is ...