GBPUSD

I'm expecting price to continue bullish after a retracement back to this important zone. Some conflunences we have is most importantly the zone which has been respected previous times before. I believe this zone can hold as support but we also have a institutional number of 1.27500 which is below price and can also be used as another form of support. Price could also for a new higher low depicted in the analysis and end up finding the EMA as another form of support not to mention that it will also be a head and shoulders pattern. Nothing is definite and my bias could change depending on how price decides to move but this is one of the possibilities that could happen.