๐GBP/USD Price Action Update โ April 21, 2025
๐นCurrent Price: 1.33885
๐นTimeframe: 1H
๐Key Demand Zones (Support):
๐ข1.32861โ1.32921 โ Recent Breaker Block Zone (ideal for bullish continuation)
๐ข1.32026โ1.32138 โ Strong Demand Zone (clean rally base rally formation)
๐Key Supply Zone (Resistance):
๐ด1.34128โ1.34346 โ High-Interest Supply Zone (expect reaction or reversal)
๐Bullish Outlook:
Price has rallied strongly and is approaching the 1.34128โ1.34346 supply zone. If we break through this level with momentum, expect further upside. In case of rejection, look for bullish re-entries at 1.32861โ1.32921 or deeper into 1.32026โ1.32138.
๐Bearish Outlook:
If the supply zone at 1.34128โ1.34346 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.
โกTrade Setup Tip:
โ
Wait for price reaction at the supply zone
โ
Enter only after confirmation (e.g., BOS/CHoCH or engulfing)
โ
Use tight stop-loss with proper RR
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