π GBP/USD Price Action Update β May 15, 2025
πΉCurrent Price: 1.32989
πΉTimeframe: 1H
π Key Supply Zone:
π΄ 1.33134β1.33201 β Short-term supply zone, price previously rejected this area with strong bearish reaction
π Key Target Zone (Above):
π’ 1.33608 β 1.33490 β Higher timeframe imbalance zone; potential upside target if price breaks cleanly above short-term supply
β‘οΈBullish Scenario:
If price clears and holds above 1.3320, momentum may extend toward the 1.3350β1.3360 region where higher timeframe liquidity rests.
β οΈBearish Scenario:
Rejection from 1.3313β1.3320 may lead to short-term pullback. Watch for confirmation below 1.3280 to retest 1.3249 support zone.
π FXFOREVER Insight:
β
Price structure forming higher lows β bullish bias intact
β
Monitor for strong bullish candle above supply zone
β
Ideal buys on break + retest with M15 confirmation
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