By examining the GBP/USD chart on the 4-hour timeframe, we can see that the price is currently trading within the 1.35 supply zone. If a strong rejection occurs from this level, we can expect further downside movement. The potential bearish targets are 1.34915 and 1.34500. Other key supply zones are located at 1.35520, 1.35730, and 1.35930.
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Best Regards , Arman Shaban
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The current price action on GBP/USD around the 1.35 level is significant, as it aligns with a well-defined supply zone on the 4-hour chart. Historically, this area has acted as a reversal point, and with price once again reaching into this zone, the probability of a bearish reaction increases.A strong rejection from this area would confirm the presence of institutional selling pressure and could potentially trigger a new bearish leg.
🔍 Technical Bias:
Bearish – as long as price stays below 1.35520
📉 Invalidation Level:
A confirmed break and close above 1.35930 would invalidate the bearish scenario and suggest a possible shift in momentum.
🎯 Key Bearish Targets:
• 1.34915 (short-term support)
• 1.34500 (structural demand zone)
📊 Supply Zones to Watch:
• 1.35520 – minor resistance
• 1.35730 – mid-supply
• 1.35930 – major invalidation level
🧠 Extra Insight:
This zone could potentially form a lower high in the broader market structure. Watch for bearish confirmation signals like bearish engulfing candles, rejection wicks, or lower time frame BOS (Break of Structure) to strengthen the setup.
Arman Shaban
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⚜️ Free Telegram Channel : t.me/PriceAction_ICT
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Related publications
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.