GBP/USD has rallied to the Supply zone yesterday but found some sellers at that level. So, we are seeing a pullback now.
However, for the downtrend to accelerate, GBP/USD must break the 1.2450 area clearly.
I will be looking for new sell entries if GBP/USD breaks the 1.2450 area and I will be looking at 1.2250 as a probable target for the sell trades.
However, for the downtrend to accelerate, GBP/USD must break the 1.2450 area clearly.
I will be looking for new sell entries if GBP/USD breaks the 1.2450 area and I will be looking at 1.2250 as a probable target for the sell trades.
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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.