CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!

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Brief Description🖊️:

The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 1.26150 to 1.26070, respectively, is highlighted.

Things I Have Seen👀:


Important Supply Zone🟢: Identified between 1.26150 and 1.26070 serving as a low-risk buy.


Bearish Targets📉:
1.25950: Possible retracement area.
1.25880: Possible retracement area.
1.25750: Possible retracement area.
1.25550: Possible retracement area.
1.25700: Significant demand zone.
1.25350: Significant supply zone.
1.25250: 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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