The 5%ers' Blog

Which Level GBP/USD Will Hit First

April 25, 2019 | 10:23 am | The 5%ers' Blog
April 25, 2019 | 10:23 am
The 5%ers' Blog

Thursday  25/04/2019

Key Levels Analysis for GBP/USD

In all time frames, GBPUSD is bearish at the moment and seems it’s gonna stay bearish until the price will reach the demand below that marked in the H4 chart.

that demand is a great Level for buy position, it’s a potential level for reversal position,

the supply above that marked in H1 chart is what called RDB (Rally Base Drop), the price has a nice rally to that level and then create the base which is the supply,

and drops after.

that creates a very reliable supply level,

It’s a great supply for sell position as a continuation of the bearish momentum.

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