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KaltoireCapital

GBP/USD Price Outlook: Pullback from supply zone

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
KaltoireCapital  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast gbpusdsetup
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trendanalysis chartpattern beyondta gbpusd gbpusdshort gbpusdlong gbpusdsignal gbpusdanalysis gbpusdtrade gbpusdidea gbpusd_forecast gbpusdsetup
GBP/USD has rallied to the Supply zone yesterday but found some sellers at that level. So, we are seeing a pullback now.
However, for the downtrend to accelerate, GBP/USD must break the 1.2450 area clearly.

I will be looking for new sell entries if GBP/USD breaks the 1.2450 area and I will be looking at 1.2250 as a probable target for the sell trades.

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GBP/USD Price Outlook| Contradictory signals in daily chart
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