GBPUSD - SHORT - SUPPLY AND DEMAND - INTRADAY
Price is in an upward channel and reacting to the upper resistance trendline, it formed a supply zone which is showing imbalance that sellers are gaining momentum, with targets at the demand zone CP. Overall trend is bullish but a retracement/ short term reversal is anticipated.
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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.