CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!

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Brief Description๐Ÿ–Š๏ธ:

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 Seen๐Ÿ‘€:


Important Supply Zone๐ŸŸข: Identified between 1.27800 and 1.27940 serving as a low-risk SELL.


Bearish Targets๐Ÿ“‰:
1.27700: Possible retracement area.
1.27200: Possible retracement area.
1.26500: Possible retracement area.
1.25500: Possible retracement area.



What's Important Nowโ—
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.

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