📉 GBP/USD - 1H Chart Analysis
📊 Current Price: 1.29123
📍 Market Outlook: Potential bearish move
✅ Key Levels to Watch:
🔹 Resistance Zone: 1.29900 - 1.30400 (Strong supply area)
🔹 Support Zones:
1.29514 (Short-term support & possible pullback level)
1.28543 (First major demand zone)
1.28143 (Deeper liquidity grab level)
📈 Bearish Scenario:
If price fails to break 1.29900, it may reject downward.
A clean break below 1.29514 could trigger a drop towards 1.28543.
📉 Bullish Scenario:
If price reclaims 1.29900, it may push toward 1.30400.
⚡ Trade Idea:
🔴 Sell below 1.29514 targeting 1.28543 with SL above 1.29900
🟢 Buy above 1.29900 targeting 1.30400 with SL below 1.29514
📢 Risk Management: Always use stop-loss and proper risk-reward!
#FXFOREVER #GBPUSD #ForexTrading #SmartMoney #Liquidity #PriceAction
📊 Current Price: 1.29123
📍 Market Outlook: Potential bearish move
✅ Key Levels to Watch:
🔹 Resistance Zone: 1.29900 - 1.30400 (Strong supply area)
🔹 Support Zones:
1.29514 (Short-term support & possible pullback level)
1.28543 (First major demand zone)
1.28143 (Deeper liquidity grab level)
📈 Bearish Scenario:
If price fails to break 1.29900, it may reject downward.
A clean break below 1.29514 could trigger a drop towards 1.28543.
📉 Bullish Scenario:
If price reclaims 1.29900, it may push toward 1.30400.
⚡ Trade Idea:
🔴 Sell below 1.29514 targeting 1.28543 with SL above 1.29900
🟢 Buy above 1.29900 targeting 1.30400 with SL below 1.29514
📢 Risk Management: Always use stop-loss and proper risk-reward!
#FXFOREVER #GBPUSD #ForexTrading #SmartMoney #Liquidity #PriceAction
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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.
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.