GBP/USD Daily Market Analysis
The GBP/USD currency pair is currently facing rejection from a bearish Fair Value Gap (FVG) on the Daily (1D) chart. Historically, the price has experienced multiple declines after reaching this zone, often reacting similarly upon contact.
Recently, the market has swept liquidity above its previous highs and is now showing signs of a downward movement. However, it's important to note that there is a significant bullish Fair Value Gap located on the 4-hour (4H) timeframe, which has been illustrated on the chart.
If the market breaks below this 4H bullish FVG, it could indicate a continuation of bearish momentum. In such a scenario, we may expect the price to move further downward toward the marked liquidity zones—and potentially even lower if those levels are breached.
This situation calls for close monitoring and further confirmation before making any trading decisions.
Disclaimer: Always conduct your own research (DYOR) before entering any trades. This analysis is intended for educational purposes only and does not constitute financial advice.
The GBP/USD currency pair is currently facing rejection from a bearish Fair Value Gap (FVG) on the Daily (1D) chart. Historically, the price has experienced multiple declines after reaching this zone, often reacting similarly upon contact.
Recently, the market has swept liquidity above its previous highs and is now showing signs of a downward movement. However, it's important to note that there is a significant bullish Fair Value Gap located on the 4-hour (4H) timeframe, which has been illustrated on the chart.
If the market breaks below this 4H bullish FVG, it could indicate a continuation of bearish momentum. In such a scenario, we may expect the price to move further downward toward the marked liquidity zones—and potentially even lower if those levels are breached.
This situation calls for close monitoring and further confirmation before making any trading decisions.
Disclaimer: Always conduct your own research (DYOR) before entering any trades. This analysis is intended for educational purposes only and does not constitute financial advice.
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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.
Join My Telegram Channel For Getting Free Signals and Analysis 👇👇
t.me/fxinsighthub7
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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.