GBP/USD : Possible Falling ? (READ THE CAPTION)

4 thg 8

By analyzing the #GBPUSD chart on the 4-hour time frame, we observe that the price encountered strong selling pressure upon reaching the marked supply zone on the chart (1.2820 to 1.2865) and corrected down to 1.27840. The last traded price (close) for GBPUSD is 1.27993, and if the price stabilizes below this level, we will likely see further decline in this currency pair. This analysis will be updated accordingly.

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Best Regards , Arman Shaban

7 thg 8

Ghi chú

By examining the GBP/USD chart in the 4-hour timeframe, we observe that the price started to drop powerfully as we expected and managed to fill the desired FVG with over 145 pips, reaching the price of 1.2672. Currently, the price is rebounding towards 1.2760, and after that, we can look for a trigger to enter a sell position again. I hope you make the most out of this analysis!