CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!

140
Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 1.27800 to 1.27940, respectively, is highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 1.27800 and 1.27940 serving as a low-risk SELL.


Bearish Targets📉:
1.27700: Possible retracement area.
1.27200: Possible retracement area.
1.26500: Possible retracement area.
1.25500: Possible retracement area.



What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.

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.