GBP/USD approaching resistence

Technical Analysis


This pair is currently pushing higher. But, it is is approaching the next level of structure resistance. This is a level that has acted as major structure multiple times in the past for this pair and therefore it qualifies as a valid supply zone. For that reason, I will be looking for possible short trades from this area over the next couple of weeks.

Resistance Area (red zone) = 1.4343 – 1.4260

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