CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!

2 Tem

Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing an essential supply zone (low-risk sell zone) spanning from 1.27260 to 1.27290. Additionally, one low-risk buy zone between 1.26230-1.26150, respectively, is highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 1.27260 and 1.27290, serving as a low-risk sell.

Important Demand Zone🟢: Identified between 1.26230-1.26150, serving as a low-risk buy.


Bullish Targets📈:

1.26270: Possible retracement area.
1.26350: Possible retracement area.
1.26500: Possible retracement area.
1.27000: Significant supply zone.
1.27400: Liquidity area.


Bearish Targets📉:

1.26560: Possible retracement area.
1.26250: Possible retracement area.
1.25850: Possible retracement area.
1.25470: Essential Demand Zone
Ultimate Target: 1.25100- 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.