GBPUSD pair has broken sharply below the long-standing accumulation range between 1.2857 – 1.3012, signaling a shift in market sentiment. The recent bearish engulfing structure has pushed price into a corrective pullback phase, with sellers likely to re-enter on rallies.
Key Technical Levels:
Current Price: 1.2795
Resistance (Supply Zone): 1.2857 – 1.2863
First Support Target: 1.2688 – 1.2690
Mid-Level Target: 1.2568 – 1.2570
Final Bearish Target: 1.2383 – 1.2390 (demand zone & key support)
Trade Scenario:
📉 Bearish Bias:
Price is expected to retrace into the supply zone (1.2857–1.2863) and then reject.
If resistance holds and structure remains intact, expect continuation toward:
TP1: 1.2689
TP2: 1.2568
TP3: 1.2385
🔁 Invalidation Zone:
A sustained break and close above 1.2863 would invalidate the bearish setup and could trigger a move toward 1.3012.
Technical Confluence:
✅ Previous consolidation turned into a strong resistance zone
✅ Bearish breakout from range
✅ Clean lower highs and lower lows structure
✅ Volume drop on the pullback (likely a corrective move)
Key Technical Levels:
Current Price: 1.2795
Resistance (Supply Zone): 1.2857 – 1.2863
First Support Target: 1.2688 – 1.2690
Mid-Level Target: 1.2568 – 1.2570
Final Bearish Target: 1.2383 – 1.2390 (demand zone & key support)
Trade Scenario:
📉 Bearish Bias:
Price is expected to retrace into the supply zone (1.2857–1.2863) and then reject.
If resistance holds and structure remains intact, expect continuation toward:
TP1: 1.2689
TP2: 1.2568
TP3: 1.2385
🔁 Invalidation Zone:
A sustained break and close above 1.2863 would invalidate the bearish setup and could trigger a move toward 1.3012.
Technical Confluence:
✅ Previous consolidation turned into a strong resistance zone
✅ Bearish breakout from range
✅ Clean lower highs and lower lows structure
✅ Volume drop on the pullback (likely a corrective move)
📊 Forex Signals | Free Daily Alerts
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
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.
📊 Forex Signals | Free Daily Alerts
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
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.