GBP/USD 4H Chart analysis, where can you buy and sell it?
Dear traders, as I predicted in my previous ideas, GBP/USD rose more than 450 pips
from the 1.1950 level. Currently, however, price has dropped quite a bit.
Currently, GBP/USD is in an untradeable zone. So, I recommend traders to wait for
price to hit a demand or supply zone before trading.
If bearish price action is formed at the 4H resistance near 1.24 then I would consider selling
it. However, if GBP/USD drops in the major demand area near 1.20 first, then a buy would be a
big probability.
from the 1.1950 level. Currently, however, price has dropped quite a bit.
Currently, GBP/USD is in an untradeable zone. So, I recommend traders to wait for
price to hit a demand or supply zone before trading.
If bearish price action is formed at the 4H resistance near 1.24 then I would consider selling
it. However, if GBP/USD drops in the major demand area near 1.20 first, then a buy would be a
big probability.