Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBP/USD IS AROUND A MASSIVE SUPPORT ZONE
As we clearly see price is trading inside this falling channel
So, from a short-term perspective price is still bearish .
However, price is around a strong support zone where we are speculating a bullish reversal.
For the bulls to kick in from a short-term perspective we need a break above the marked last swing standing
Then a movement higher would be expected
1-2 Risk to reward ratio from a risk management perspective.
Until that happens, we are still bearish .
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!