CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!🎯

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Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1.26000 to 1.25900. Additionally, medium-risk buy and sell zone between 1.26570-1.26470 and 1.27800-1.28000, respectively, are highlighted.

Things I Have Seen👀:


Important Demand Zone🟢: Identified between 1.26000 and 1.25900, serving as a low-risk buy.

Medium-Risk Buy Zone🟠: Noted between 1.26570 and 1.26470, suggesting another area with moderate risk for potential buying positions.

Medium-Risk Sell Zone🟠: Noted between 1.27800 and 1.28000, suggesting another area with moderate risk for potential selling positions.


Bullish Targets📈:

1.26200: Possible retracement area.
1.26500: Possible retracement area.
1.26750: Significant supply zone.
1.27600: Liquidity area.


Bearish Targets📉:

1.27500: Possible retracement area.
1.27000: Possible retracement area.
1.26600: Possible retracement area.
1.26000: Essential Demand Zone
Ultimate Target: 1.25800- Laying Low Liquidity


What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.

Disclaimer

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