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cemalt

GBPUSD Possible Breakout

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
cemalt Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Supply and Demand GBPUSD
1
0
trendanalysis supplyanddemand gbpusd
Price is approaching to a demand zone but there is a very long spike visibly exceeding the zone. It might imply area is cleaned from buyers already. So wait for the reaction and if area is passed then go short.

NOTE: in case of a rejection buyers will get the control for a while.
Comment:
Looks like it is being rejected
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