In GBPUSD, we have a bearish setup with the price reaching the 1.3018 area, where we have a Forex48 block, which is a highly sensitive point for a price reversal and therefore an opportunity for a long entry. Additionally, we have an FVG (Fractal Vertical Gap) that, if confirmed on the M15+H1 timeframe, would provide an opportunity to enter long.
In the first case, the Forex48 block is already validated, but I will wait for an entry at the 50% Fibonacci level of the block in question. Furthermore, I will wait for the entry during tomorrow's London session after the news if there are further confirmations.
Greetings and happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.