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Short

GBPUSD - strong supply at 1.6300/20

FX:GBPUSD   British Pound/U.S. Dollar
252 0 2
At the beginning of this week the price broke strong demand level described in last analysis GBP/USD             (https://www.tradingview.com/v/TYtjaojP/). It can tell us the price wants to go down further. At present the price is trying to reach strong supply confluence at 1.6300/20 level. If the price will be take out from this level, we can expect at least back to the last demand zone at 1.6050/6110 or maybe a new Lower Low in next Demand Zone D1. But if price make engulfing mentioned supply confluence, we can expect back to the source of demand and then strong move up to the next supply zone .
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