GBPUSD Approached To The Demand Zone

FX:GBPUSD   British Pound / U.S. Dollar
We have an uptrend which is in the correction phase now. Price has retraced 50% of the last upside move and has approached to the first demand level . The negative bars of MACD are becoming shorter and weaker which means there will be more upside pressure. IF price gets rejected by the demand level in lower time frames, we can expect a rise. Otherwise, price may go lower to the second demand level and IF there was any push by this level, it may grow.
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Lovely technical setup, Mahtab!
+2 Reply
Mahtab_Tradia Investroyllc
@Investroyllc thanks
interesting :) thx for sharing your outlook
+1 Reply
Mahtab_Tradia jojofang0901
@jojofang0901 Appreciate your support
great )
+1 Reply
Mahtab_Tradia hafiz.nezereliyev
Ooh! So this is what I’ve been missing!!!!
+1 Reply
Mahtab_Tradia CyrilBilly
@CyrilBilly thanks
Aali bood MAHTAB khanoom
merci :)
+1 Reply
Mahtab_Tradia hadialmaasi
@hadialmaasi merci
+1 Reply
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