ClearEdgeFX

GBPUSD - IN THE SUPPLY ZONE ON 15M TIMEFRAME

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD             appears to have forcefully entered the supply zone between 1.5360-80. If it reverses and breaks the ascending trendline then we'll likely see a re-test of the 1.5260-80 level. On the other hand, if it continues its upward trajectory then the next key level is around 1.5420 followed by 1.5480-1.5500 where sellers are quite likely to step in.

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