GBP/USD Analysis – 29.Apr.2024
GBP/USD Analysis: 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.
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Author : Arman Shaban
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