GBPUSD - Potential Buy From Key Support Zone
The GBPUSD pair is approaching a significant demand zone marked by prior price reactions. This area aligns with a key support level, and the market structure suggests a potential reversal. The overall context implies that buyers may take control at this level, leading to an upward move.
I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 1.24818 level. This setup aligns with the idea of trend exhaustion near support.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 1.24818 level. This setup aligns with the idea of trend exhaustion near support.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Trade active
Trade closed: target reached
Take Profit Hit
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