🔥GBP/USD has been sliding lower and is now testing an important demand zone after a steady bearish move from the upper resistance areas.
This level is a key reaction point, because the market is sitting right on support after failing to reclaim higher zones.
📈 Bullish scenario
If buyers manage to defend this demand area and build a reaction from here, we could see a recovery toward the nearest resistance zone first, with the higher zone above remaining the main upside target if momentum returns.
📉 Bearish scenario
If this support breaks cleanly, it would confirm further weakness and open the door for another bearish continuation below the current range.
For now, price is pressing directly into support, so the reaction around this zone matters a lot. Either buyers step in here, or GBP/USD likely extends the downside move.
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⚜️Exclusively trading indicators
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💎Website: TradeZimpact.com
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🥇“The Z impact” trading team is here to help new traders with technical analytics and fundamentals.
⚜️Exclusively trading indicators
📞Support: t.me/theZSupport
💎Website: TradeZimpact.com
💡Channel: t.me/TheZimpact
⚜️Exclusively trading indicators
📞Support: t.me/theZSupport
💎Website: TradeZimpact.com
💡Channel: t.me/TheZimpact
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.
