🔥 GBPUSD - Preparing for FALL (READ THE CAPTION)

NEW Forecast of NASDAQ:GBP : By examining GBPUSD chart in the 2-hour time frame, we can see that the price is still trading below the important resistance range of 1.21750 to 1.21920. If the price stabilizes below this range, I expect the price to fall further. Note that the break of the important support of 1.21430 It is very important to continue and stabilize the bearish trend! In case of further drop, its targets are 1.21330, 1.2105, 1.20900 and 1.20700 respectively!

Best Regards , Arman Shaban

Kommentera:

By re-examining GBPUSD chart, we can see that last night the price could not penetrate even under the important support of 1.21430, and this caused the price to break the resistance of 1.21920 with the demand created in this range, And pound was able to fill about 70% of the liquidity gap that we marked with the blue rectangle on the chart by growing up to 1.22880! The attractive supply range for trading is 1.22620 to 1.22880 and the attractive ranges for BUY position are 1.21430 to 1.21720 and 1.21840 to 1.20900 respectively!