Hey Traders, above is a technical overview on GBPUSD and the most important demand zone to watch, GBPUSD was trading in a downtrend but successfully managed to break it out following the recent soft CPI data, so in today's trading session our direction have changed and we will be mostly focusing on potential upsides. the first zone we will be watching is 1.26300 which was an important resistance in which we will be watching a potential retrace from there, in case of a breakout of that zone we will be watching the second demand zone mainly from the uptrend combined with 1.25900 support and resistance area.
Trade safe, Joe.
Trade safe, Joe.
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GBPUSD is approaching support 1, will be watching the price action closely