πGBP/USD Price Action Update β April 21, 2025
πΉCurrent Price: 1.33885
πΉTimeframe: 1H
πKey Demand Zones (Support):
π’1.32861β1.32921 β Recent Breaker Block Zone (ideal for bullish continuation)
π’1.32026β1.32138 β Strong Demand Zone (clean rally base rally formation)
πKey Supply Zone (Resistance):
π΄1.34128β1.34346 β High-Interest Supply Zone (expect reaction or reversal)
πBullish Outlook:
Price has rallied strongly and is approaching the 1.34128β1.34346 supply zone. If we break through this level with momentum, expect further upside. In case of rejection, look for bullish re-entries at 1.32861β1.32921 or deeper into 1.32026β1.32138.
πBearish Outlook:
If the supply zone at 1.34128β1.34346 holds, we may see a pullback toward the 1.32861 area. A break below that could lead to a deeper correction to 1.32026. Watch for bearish price action confirmation around the supply zone.
β‘Trade Setup Tip:
β
Wait for price reaction at the supply zone
β
Enter only after confirmation (e.g., BOS/CHoCH or engulfing)
β
Use tight stop-loss with proper RR
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