⭐️ GBP/USD : Navigating Supply and Demand Shifts (READ CAPTION)

Apr 28, 2024

Hello Traders , Upon recent analysis of the GBP/USD chart in the 2-hour timeframe, it is observed that the price is near the supply zone of 1.25. If it can stabilize below this level, we can expect a further decline in GBPUSD! The scenario I have in mind is marked on the chart. The demand levels are, in order, within the ranges of 1.237 to 1.237, 1.2345 to 1.23690, and 1.23 to 1.23270.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

Apr 29, 2024

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Apr 29, 2024

Note

By checking the GBPUSD chart, we can see that as expected, the price has entered the desired supply range and we have seen a drop of 40 pips so far! Do you think this decline will continue?