📊 GBP/USD Price Action Update 🇬🇧💵
GBP/USD is currently trading around 1.2916, showing signs of a potential retracement before its next move.
📌 Key Levels to Watch:
✅ Supply Zone (Resistance): 1.3000 - 1.3050 📍
🔴 This red zone represents a strong resistance level where price previously reversed. If GBP/USD breaks above this, we may see further bullish momentum.
✅ Demand Zone (Support): 1.2814 - 1.2854 📍
🟢 Buyers are expected to step in around these green zones, making them strong support levels for a potential bounce.
⚡ Possible Trade Setups:
📉 Bearish Scenario: Price may drop towards the 1.2854 - 1.2814 demand zone before reversing upwards.
📈 Bullish Scenario: If price finds support in the demand zone, it could rally back toward the 1.3000+ resistance area.
📢 Trading Tip:
Wait for confirmations in the key zones before taking positions. Watch for price reactions and volume changes before executing trades! 🔥
#fxforever #fxf #GBPUSD #ForexTrading #PriceAction #TechnicalAnalysis #DayTrading #SmartMoney #ForexSignals #TradingStrategy #MarketAnalysis #TradeSmart
GBP/USD is currently trading around 1.2916, showing signs of a potential retracement before its next move.
📌 Key Levels to Watch:
✅ Supply Zone (Resistance): 1.3000 - 1.3050 📍
🔴 This red zone represents a strong resistance level where price previously reversed. If GBP/USD breaks above this, we may see further bullish momentum.
✅ Demand Zone (Support): 1.2814 - 1.2854 📍
🟢 Buyers are expected to step in around these green zones, making them strong support levels for a potential bounce.
⚡ Possible Trade Setups:
📉 Bearish Scenario: Price may drop towards the 1.2854 - 1.2814 demand zone before reversing upwards.
📈 Bullish Scenario: If price finds support in the demand zone, it could rally back toward the 1.3000+ resistance area.
📢 Trading Tip:
Wait for confirmations in the key zones before taking positions. Watch for price reactions and volume changes before executing trades! 🔥
#fxforever #fxf #GBPUSD #ForexTrading #PriceAction #TechnicalAnalysis #DayTrading #SmartMoney #ForexSignals #TradingStrategy #MarketAnalysis #TradeSmart
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
fxforever
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.