GBP/USD : Possible Fall Ahead ? (READ THE CAPTION)

8 Sep 2024

By analyzing the GBP/USD chart on the 4-hour timeframe, we can see that the price has reached a demand zone and has also created a Fair Value Gap (FVG) near its current level, which I expect to be filled in the short term. After that, I anticipate further decline in GBP/USD. The potential targets for this drop are 1.31060, 1.30870, and 1.30330.

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Best Regards , Arman Shaban

10 Sep 2024

Dagangan aktif

By analyzing the GBP/USD chart on the 4-hour timeframe, we can see that after our previous analysis, the price continued to decline and corrected down to 1.30580! The return on this analysis has been over 87 pips so far. The interesting point is that the price faced selling pressure exactly after entering the targeted FVG area! This analysis remains valid.