Gbpusd on the 1 hour chart, we can see that we have an important zone around the 1.2581 level where the price reacted from several times. We can expect the buyers to step in again around this zone with a defined risk below it to position for a breakout above the trendline. The sellers, on the other hand, will want to see the price breaking lower to start targeting the key 1.25 support and eventually a break below it.
Note
Gbpusd going to break sell areaNote
Gbpusd selling pressure here is a good opportunityNote
A good opportunity big sell
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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.