GBPUSD Approaching The Weekly Demand Zone
Monthly - Price is below the monthly support level of 1.27300 and price is currently in the monthly demand zone.
Weekly - Price is fast approaching support at 1.25800
Daily - Price is trapped between two levels;
-Resistance @ 1.27160 - If price breaks up on H4, i might take buys to the next level on the daily.
-Support @ 1.26550 - If price breaks below on H4, I'll be looking for sells on the retest to the weekly support.
Assuming that the market doesn't have a big gap, i will be following the above analysis
Weekly - Price is fast approaching support at 1.25800
Daily - Price is trapped between two levels;
-Resistance @ 1.27160 - If price breaks up on H4, i might take buys to the next level on the daily.
-Support @ 1.26550 - If price breaks below on H4, I'll be looking for sells on the retest to the weekly support.
Assuming that the market doesn't have a big gap, i will be following the above analysis
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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.