GBPUSD BEARISH OUTLOOK

28 thg 3, 2022

GBPUSD

Price action shows a failed reaction at the 4H demand zone. This failure resulted in an impulsive bearish reaction leaving an imbalance that has to be filled. We can also see price created an SMS before the massive drop to the downside, this huge drop creates an area of supply which we believe the price would revisit before creating a new bearish leg.