📊GBP/USD Price Action Update – April 15, 2025🎯
🔹Current Price: 1.32018
🔹Timeframe: 15M
📌Key Support Levels (Demand Zones):
🟢1.31461 – Major Demand Zone (TP 2 – Wait for Confirmation)
📌Key Resistance Levels (Supply Zones):
🔴1.32575–1.32670 – Supply Zone (Marked on Chart – Watch for Rejection)
📈Bullish Scenario:
Price is showing bullish structure and could push toward the 1.32575–1.32670 supply zone. A clean breakout and close above 1.32670 may signal further upside momentum.
📉Bearish Scenario:
If price reacts bearishly at the supply zone, a reversal could drive GBP/USD down to the demand zone near 1.31461 (TP 2). Watch for confirmation before entering short positions.
⚡Trading Tip:
✅Wait for bearish confirmation (e.g., bearish engulfing or rejection wicks) in the supply zone before shorting.
✅If price breaks the structure with strong bullish momentum, reassess short entries and look for long opportunities.
✅Use strict risk management and a solid risk-reward ratio.
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