British Pound / U.S. DollarPound Chart Update
Hello dear traders,
According to the DXY analysis, I have identified the suitable entry point for the Pound. Friends, please use the 15-minute timeframe for optimal entry, and be sure to pay attention to the reversal zones. You can even take advantage of these zones for minor fluctuations. Note that this chart is bullish in the daily timeframe, and this is a temporary correction, so it has rapid upward movements—be careful.
Important Points:
Support (4H): 1.25232
Secret Order Block (4H): 1.24323 & 1.23748
And finally, our main target is 1.22648.
Thank you for your support. A very simple and clear chart has been drawn for your use.
Wishing you all success!
Fereydoon Bahrami
A retail trader in the Wall Street Trading Center (Forex)
Risk Disclosure:
Trading in the Forex market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.
Poundanalizi
GBPUSD Inside BoxGBPUSD currently is inside range and it is bearish move on the upper timeframe.
if price reaches the resistance and able to bounce back, you should wait for the retest of the structure and short this pair.
since its on bearish at least on my bias, it more safe to short this pair than to long it.
What is your analysis on GBPUSD currently?