GBPUSD

Analysis:
Support Zone (Buy Area):

The green highlighted zone between 1.2700 and 1.2720 appears to be a strong support area. Price action indicates multiple retests of this level, suggesting potential buying interest.
RSI levels on lower timeframes (e.g., 15m, 30m) are approaching oversold conditions, signaling a potential bounce from this support.

Resistance Levels:

Psychological resistance is set around 1.2800, where sellers could emerge.
If momentum continues, the next major resistance is at 1.2900, as highlighted.

EMA Alignment:

The 50 EMA is trending above the price on the 15m and 30m charts, indicating short-term bearish momentum. However, price action nearing the green zone indicates possible consolidation or a reversal.

MACD and RSI:

MACD shows bearish momentum but is flattening out, hinting at potential divergence or a slowdown in selling.

RSI is moving closer to oversold levels, supporting a possible buy setup on pullbacks.

Recommendations:

Buy Setup:
Entry: Buy between 1.2700 and 1.2720.
Stop-Loss: Below 1.2680, as this invalidates the support zone and suggests further downside.
Take Profit:
Target 1: 1.2800 (Psychological resistance).
Target 2: 1.2900 (Next major resistance level).