GBP/USD Analysis 1H Timeframe
We are observing a breakout below the purple support level, indicating potential bearish momentum. However, my idea focuses on the next key support level in the green zone, which holds significant importance.
This support level has been untested for a long time and has historically shown high trading volume.
I anticipate that when the price retraces to this green support level, buyers could step in, pushing the price higher.
This support level has been untested for a long time and has historically shown high trading volume.
I anticipate that when the price retraces to this green support level, buyers could step in, pushing the price higher.
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