By analyzing the GBP/USD chart on the 4-hour timeframe, we can see that after reaching 1.36800—filling the targeted FVG as expected—the price faced selling pressure once again and has since dropped to around 1.35690.
The first target at 1.35630 is now within reach. After collecting liquidity below this level and a possible short-term bounce, we can expect another bearish continuation on GBPUSD.
Key supply zones to watch are 1.36180–1.36465 and 1.36940.
Key demand zones are located at 1.35630, 1.35100, and 1.34880.
THE MAIN ANALYSIS :
The first target at 1.35630 is now within reach. After collecting liquidity below this level and a possible short-term bounce, we can expect another bearish continuation on GBPUSD.
Key supply zones to watch are 1.36180–1.36465 and 1.36940.
Key demand zones are located at 1.35630, 1.35100, and 1.34880.
THE MAIN ANALYSIS :
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