🔴 GBPUSD - SHORT From Here ? (READ THE CAPTION)

By checking the GBPUSD chart, we can see that the price has entered a supply range, and as the first scenario, I expect a drop from this range, even if it is short! If the price stabilizes and continues to fall, its Bearish targets will be 1.25280, 1.24500 and 1.24200 respectively! The next supply zones are 1.26600 to 1.27100 and 1.27690 to 1.28000 respectively!

Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.

Best Regards , Arman Shaban

Comment:

By checking the GBPUSD chart, we see that the price is still in the supply range that we specified, but it is probably preparing to grow to higher supply Zones such as 1.26600 to 1.27100 and 1.27690 to 1.28000! We have to see if the price will be rejected from this current level or it will move towards higher targets again! I think we will see price growth before a major drop to collect more liquidity!

Comment:

As you can see, Pound/Dollar is still trading in the range of 1.2620, and if it stabilizes below the resistance level of 1.2645, we can see a further drop from this symbol! Otherwise, the next supply ranges are 1.26630 to 1.27130 and 1.27670 to 1.28000 respectively! Monitor the price reaction to the levels specified on the chart!