By examining the 4H chart of GBPUSD we can see that after sweeping the SSL below the 1.3177 level, it bounced back up from 1.3163 all the way 1.3240, before dropping back again, currently being traded at around 1.3187.
Same as EURUSD, GBPUSD has taken a hit because of the geopolitical tensions and it on its way towards the 1.3159 level to sweep the major sellside liquidity below this level.
Considering the suspension of the negotiation between the US and IR by the IR representatives, because President Trump threatened that if an agreement between the 2 countries doesn't get signed, he'll bomb IR again, this will cause further drop for GBPUSD as well, as the USD is strengthened.
Now, if the negotiations restart, I'd expect a bounce before reaching the 1.3159, to go back up and retest the 4H IFVG Low as well as the Demand Zone there.
Same as EURUSD, GBPUSD has taken a hit because of the geopolitical tensions and it on its way towards the 1.3159 level to sweep the major sellside liquidity below this level.
Considering the suspension of the negotiation between the US and IR by the IR representatives, because President Trump threatened that if an agreement between the 2 countries doesn't get signed, he'll bomb IR again, this will cause further drop for GBPUSD as well, as the USD is strengthened.
Now, if the negotiations restart, I'd expect a bounce before reaching the 1.3159, to go back up and retest the 4H IFVG Low as well as the Demand Zone there.
Trade chiuso: obiettivo raggiunto
Hello folks, hope you are all well.As you can see in the 4H chart of GBPUSD, it finally reached our target at 1.3159 and swept away a massive pool of liquidity, and is currently being traded at around 1.3160.
Now I expect GBPUSD to drop further towards the 1.3121 level, if it fails at stabilizing there, further drop towards the 1.3038 could happen, below which there's a massive pool of liquidity.
However, if it bounces back up from right here after the liquidity sweep, it could rise towards the 1.3182 and then 1.3238 levels respectively.
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.