CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!
Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 1.2800 to 1.2791.
Things I Have Seen👀:
Important Demand Zone🟢: Identified between 1.2800 and 1.2791, serving as a low-risk buy.
Bullish Targets📈:
1.2820: Possible retracement area.
1.2840: Possible retracement area.
1.2875: Possible retracement area.
1.2910: Possible retracement area.
1.2950: Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 1.2800 to 1.2791.
Things I Have Seen👀:
Important Demand Zone🟢: Identified between 1.2800 and 1.2791, serving as a low-risk buy.
Bullish Targets📈:
1.2820: Possible retracement area.
1.2840: Possible retracement area.
1.2875: Possible retracement area.
1.2910: Possible retracement area.
1.2950: Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
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