Trade_Simple_FX

GBPUSD H8 - Short Signal

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD H8

Yesterday evening, we thoroughly analyzed this particular currency pair with one of our coaching members. We emphasized the evident confluences, including notable supply and resistance zones, along with the psychologically significant 1.25 price level.

Today, we anticipate a slightly bullish trend for the USD, anticipating a relief rally after a substantial 190-point decline. Considering the magnitude of the drop, a modest 382-point rebound wouldn't be overlooked.

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