Strongest Short-Term Selling Areas for the GBP/USD Pair
The GBP/USD pair is currently moving in a downtrend.
This comes after reaching weekly and daily supply zones
and bouncing back from them, which pushed the pair down
and broke several upward subtrends.
This indicates that sellers are currently returning.
On the 4-hour timeframe, the pair has established several strong selling areas.
The first of these areas is located at the 1.3432 level.
If it rises, it is expected to fall from there to the targets
defined on the chart at the 1.3390 and 1.3330 levels.
However, if the pair breaks and closes above the first expected selling areas,
we are expected to see the pair at the next areas, at the 1.3505 level.
This is considered one of the most important selling areas currently for the pair.
In general, the pair is currently for sale, especially after the end of the current correction.
Therefore, it is preferable to focus on selling with good capital management.
