By analyzing the GBP/USD chart on the 4-hour timeframe, we can see that after reaching 1.36800—filling the targeted FVG as expected—the price faced selling pressure once again and has since dropped to around 1.35690.
The first target at 1.35630 is now within reach. After collecting liquidity below this level and a possible short-term bounce, we can expect another bearish continuation on GBPUSD.
Key supply zones to watch are 1.36180–1.36465 and 1.36940.
Key demand zones are located at 1.35630, 1.35100, and 1.34880.
THE MAIN ANALYSIS :
The first target at 1.35630 is now within reach. After collecting liquidity below this level and a possible short-term bounce, we can expect another bearish continuation on GBPUSD.
Key supply zones to watch are 1.36180–1.36465 and 1.36940.
Key demand zones are located at 1.35630, 1.35100, and 1.34880.
THE MAIN ANALYSIS :
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📘 Wanna Learn ICT & SMC? Get the Full Book Here : bit.ly/ICT-BOOK
⚜️ Free Telegram Channel : telegram.me/PriceAction_ICT
⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
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⚜️ JOIN THE VIP 👉 t.me/ArmanShabanTrading
🚀 MondFX — our trusted Broker : bit.ly/MondFx
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.