GBPUSD is in an overall bullish market
However, after a large bullish push, I am expecting price to pullback (sell off).
Price met resistance a weekly supply zone and closed as an indecision candle on the Daily.
The lower blue EMA crossed below the higher RED EMA on the 1hr chart.
Expecting price to selloff and find support at the 50.0 Fib level which also correlates with a demand zone, before continuing the overall trend.
However, after a large bullish push, I am expecting price to pullback (sell off).
Price met resistance a weekly supply zone and closed as an indecision candle on the Daily.
The lower blue EMA crossed below the higher RED EMA on the 1hr chart.
Expecting price to selloff and find support at the 50.0 Fib level which also correlates with a demand zone, before continuing the overall trend.
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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.