GBPUSD is nearing a key supply zone that has been a critical area for bearish reversals in the past. The current price action suggests sellers may regain control at this resistance level.If bearish patterns appear, such as long upper wicks or bearish engulfing candles, I anticipate a move toward 1.25890.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and might indicate further upside.
Proper risk management is essential, given the possibility of price breaking higher.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management!
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