📉 GBP/USD 1H Chart - Bearish Outlook!
🔴 Key Resistance in Play!
GBP/USD has tested the 1.30000 - 1.30500 supply zone and is showing signs of rejection. If the price continues to drop, we could see a move toward the next demand zone.
📌 Levels to Watch:
🔻 Resistance Zone: 1.30000 - 1.30500
📉 First Target: 1.29514
🎯 Main Target: 1.28543
🔥 Potential Trade Setup:
🔴 Sell Below: 1.29900
🎯 TP1: 1.29514
🎯 TP2: 1.28543
🛑 SL: Above 1.30500
⚠️ Break Below 1.29514 could confirm further downside toward 1.28543. Stay cautious and manage risk wisely!
#GBPUSD #ForexTrading #SmartMoney #SupplyAndDemand #PriceAction #LiquidityGrab #FXFOREVER 🚀📊
🔴 Key Resistance in Play!
GBP/USD has tested the 1.30000 - 1.30500 supply zone and is showing signs of rejection. If the price continues to drop, we could see a move toward the next demand zone.
📌 Levels to Watch:
🔻 Resistance Zone: 1.30000 - 1.30500
📉 First Target: 1.29514
🎯 Main Target: 1.28543
🔥 Potential Trade Setup:
🔴 Sell Below: 1.29900
🎯 TP1: 1.29514
🎯 TP2: 1.28543
🛑 SL: Above 1.30500
⚠️ Break Below 1.29514 could confirm further downside toward 1.28543. Stay cautious and manage risk wisely!
#GBPUSD #ForexTrading #SmartMoney #SupplyAndDemand #PriceAction #LiquidityGrab #FXFOREVER 🚀📊
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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.