GBPUSD is likely to be the second daily correction process. A rebound from the 4-hour demand zone could lead the pair back towards its previous highs. However, since the daily supply zone is located above, if it does not break here, or if it stays below the blue line below, you can proceed to the weekly correction process. So, in order to continue rising, it must break above the daily supply zone and, even if a retracement comes, it must settle on that blue support line.
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.
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.