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

8 sept.

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.

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

10 sept.

Transaction en cours

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.