GBP/USD Potential Reversal from Key Support Zone

há 4 dias

My OverView For GBP/USD , Must Support And Write Your Feedback In Comments Feel Free To Check It

In My Analysis The GBP/USD pair is trading within a well-defined descending channel on the 4-hour chart, indicating a bearish trend. Dynamic resistance and support levels have consistently guided price action. Currently, the price is testing the lower boundary of the channel, marked as the "Kill Zone," which aligns with strong support.

This area presents a high-probability reversal zone, with potential for a bullish correction towards the dynamic resistance level. However, a breakdown below the channel's support could signal further downside momentum. Traders should watch for confirmation signals before entering trades.

Key Levels:
Resistance: 1.2550 - 1.2600 (dynamic resistance within the channel)
Support: 1.2200 - 1.2250 (lower channel boundary and kill zone)

Monitor price action and volume near these zones for clarity on the next move.

Note: This analysis for educational purposes and not trading advice. Consider market conditions and strategies