CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!🎯

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 1.26950 to 1.27050 and 1.25450 to 1.25350. Additionally, medium-risk buy zone between 1.26000-1.25900, respectively, are highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 1.26950 and 1.27050, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 1.25450 and 1.25350, serving as a low-risk buy.

Medium-Risk Buy Zone🟠: Noted between 1.26000 and 1.25900, suggesting another area with moderate risk for potential buying positions.


Bullish Targets📈:

1.25500: Possible retracement area.
1.25900: Possible retracement area.
1.26200: Possible retracement area.
1.26750: Significant supply zone.
1.27000: Liquidity area.


Bearish Targets📉:

1.26800: Possible retracement area.
1.26300: Possible retracement area.
1.26000: Area with laying low liquidity.
1.25450: Essential Demand Zone
Ultimate Target: 1.25000- Laying Low Liquidity



What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.