GBPUSD (1H) chart:
đź“Š Structure:
Market is range-bound overall
Recently rejected from 1.3550–1.3540 supply zone
Price now around 1.3514 after a drop → possible pullback or continuation
🎯 Targets:
đź”˝ Bearish continuation:
1.3490 – 1.3480 → minor support
1.3460 → strong demand zone (my grey area) ✅
1.3430 → if strong sell pressure continues
🔼 Bullish pullback:
1.3535 – 1.3545 → key resistance retest
1.3580 → higher supply
1.3600 → major resistance
đź“Ś Trade idea:
Below 1.3540 → bearish bias
Best move is sell on pullback, not chasing price
đź“Š Structure:
Market is range-bound overall
Recently rejected from 1.3550–1.3540 supply zone
Price now around 1.3514 after a drop → possible pullback or continuation
🎯 Targets:
đź”˝ Bearish continuation:
1.3490 – 1.3480 → minor support
1.3460 → strong demand zone (my grey area) ✅
1.3430 → if strong sell pressure continues
🔼 Bullish pullback:
1.3535 – 1.3545 → key resistance retest
1.3580 → higher supply
1.3600 → major resistance
đź“Ś Trade idea:
Below 1.3540 → bearish bias
Best move is sell on pullback, not chasing price
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.