✏️ GBP/USD : Possible Positions on GBP

By examining the GBPUSD chart in the 4-hour time frame, we can see that the price is reacting positively to the Institutional Support level in the range of 1.27 in the last few days! Now I expect that if the strength of this zone decreases and 1.2686 breaks and price can consolidates below that, the price can fall to lower levels as well! Important support levels are 1.263 to 1.266 and 1.2685 to 1.256 respectively! Also, the important supply levels are 1.2775 and 1.28 to 1.285 respectively! Carefully monitor the specified zones !
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Best Regards , Arman Shaban

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By examining this chart in the 4-hour time frame, we can see that according to the previous analysis, the price managed to fall from the range of 1.2755 and reach 1.263 with 130 pips profit ! Today there are important news in the market, so be careful of price movements! Other assumptions of this analysis are still valid!