GBP/USD two main support levels? want to know then read caption.

1月16日

Hello trading view family I have come with GBP/USD setup in analysis chart, what are your opinions about it share it in comment section.

More details are given below read them..
1. Resistance Zone: Highlighted in red near the 1.23500 price level, with red arrows indicating potential selling pressure if the price approaches this zone.

2. Support Levels:
Support Level 1: Marked in green near the 1.21700 price level, indicating a zone where buyers might step in.

Support Level 2: Located lower, near the 1.20660 price level, suggesting another possible area of strong buying interest.

3. Current Price: The live price is displayed at 1.21996, with a slight upward movement (+0.02%).

4. Potential Price Movements: Arrows on the chart indicate possible upward bounces from the support levels, heading toward the resistance zone.

5. Candlestick Patterns: The chart is composed of candlesticks, representing price action over 4-hour intervals.

This analysis outlines areas of interest for traders, focusing on key price zones where reactions might occur.

Key levels:

Support levels: 1.21700 and 1.20660
Resistance: 1.23500
Target is 1.23200

Kindly support me like comment and share.

1月18日

註釋

It has reached the support it will get up from here