Weekly technical analysis of GBP-USD


The GBP pair opened trading this morning at 1.2840, and the price is still below the downtrend on the H4 chart, which is confined between two demand and supply regions. 1- Any break of the demand or supply areas up or down will be the next destination for the husband in the direction of break in the medium term 2- Buying from the demand area from 1.2310 - 1.2250 levels while maintaining an appropriate loss stop and please run profit tracking 3- Selling from 1.2830 - 1.2730 levels It is a strong cross level on the daily in conjunction with the major downtrend on the daily chart

General trend: bearish, whether by breaking the level of demand or selling from the level of supply


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