GBPUSD Possible Breakout
Price is approaching to a demand zone but there is a very long spike visibly exceeding the zone. It might imply area is cleaned from buyers already. So wait for the reaction and if area is passed then go short.
NOTE: in case of a rejection buyers will get the control for a while.
NOTE: in case of a rejection buyers will get the control for a while.
Note
Looks like it is being rejected
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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.