"In this GBP/USD chart, the yellow line indicates a fair value gap (FVG) in the 4-hour timeframe. The price is currently in a corrective move towards the FVG, where it's expected to take liquidity before continuing its downward movement.
The resistance around 1.26060 suggests a strong zone where sellers could step in to confirm the bearish momentum. The support at 1.22985 indicates a potential target for the trade, which confirms a bearish bias."
The resistance around 1.26060 suggests a strong zone where sellers could step in to confirm the bearish momentum. The support at 1.22985 indicates a potential target for the trade, which confirms a bearish bias."