GBPUSD Mark Up
These are my levels I'll track for this trading week for GBPUSD. I'll adjust as price unfolds, but I would look for price to break down pass the PPZ, funnel through the channel 'til it reaches that support at the 1.2265 level. Breakout traders will more than likely enter a short position once price breaks the 1.2265 level, but they'll be selling right into a zone where there's willing buyers. However, even though a smaller zone formed within the HTF zone that doesn't mean it'll hold since the zone technically has been hit previously. We shall see.
NOT TRADING ADVICE!!!
NOT TRADING ADVICE!!!
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.