📊GBP/USD Price Action Update – April 21, 2025
🔹Current Price: 1.33885
🔹Timeframe: 1H
📌Key Demand Zones (Support):
🟢1.32861–1.32921 – Recent Breaker Block Zone (ideal for bullish continuation)
🟢1.32026–1.32138 – Strong Demand Zone (clean rally base rally formation)
📌Key Supply Zone (Resistance):
🔴1.34128–1.34346 – High-Interest Supply Zone (expect reaction or reversal)
📈Bullish Outlook:
Price has rallied strongly and is approaching the 1.34128–1.34346 supply zone. If we break through this level with momentum, expect further upside. In case of rejection, look for bullish re-entries at 1.32861–1.32921 or deeper into 1.32026–1.32138.
📉Bearish Outlook:
If the supply zone at 1.34128–1.34346 holds, we may see a pullback toward the 1.32861 area. A break below that could lead to a deeper correction to 1.32026. Watch for bearish price action confirmation around the supply zone.
⚡Trade Setup Tip:
✅Wait for price reaction at the supply zone
✅Enter only after confirmation (e.g., BOS/CHoCH or engulfing)
✅Use tight stop-loss with proper RR
#GBPUSD #ForexTrading #SmartMoneyConcepts #PriceAction #TechnicalAnalysis #SupplyAndDemand #BreakOfStructure #PoundAnalysis #ScalpingSetups #FXFOREVER #MarketUpdate #IntradayTrading
🔹Current Price: 1.33885
🔹Timeframe: 1H
📌Key Demand Zones (Support):
🟢1.32861–1.32921 – Recent Breaker Block Zone (ideal for bullish continuation)
🟢1.32026–1.32138 – Strong Demand Zone (clean rally base rally formation)
📌Key Supply Zone (Resistance):
🔴1.34128–1.34346 – High-Interest Supply Zone (expect reaction or reversal)
📈Bullish Outlook:
Price has rallied strongly and is approaching the 1.34128–1.34346 supply zone. If we break through this level with momentum, expect further upside. In case of rejection, look for bullish re-entries at 1.32861–1.32921 or deeper into 1.32026–1.32138.
📉Bearish Outlook:
If the supply zone at 1.34128–1.34346 holds, we may see a pullback toward the 1.32861 area. A break below that could lead to a deeper correction to 1.32026. Watch for bearish price action confirmation around the supply zone.
⚡Trade Setup Tip:
✅Wait for price reaction at the supply zone
✅Enter only after confirmation (e.g., BOS/CHoCH or engulfing)
✅Use tight stop-loss with proper RR
#GBPUSD #ForexTrading #SmartMoneyConcepts #PriceAction #TechnicalAnalysis #SupplyAndDemand #BreakOfStructure #PoundAnalysis #ScalpingSetups #FXFOREVER #MarketUpdate #IntradayTrading
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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.