| In this insightful video, we examine the recent price action of GBPUSD, focusing on its retracement higher and subsequent rejection at the 100-hour moving average. Sellers stepped in at the critical level, driving the price back below a significant swing area. By staying below this level, sellers maintain their dominance in the market. We also discuss the importance of the 100-hour moving average as a conservative stop level for sellers anticipating further downside momentum. Additionally, we explore the downside targets, including a swing area and key support levels, which could be potential objectives for traders. Watch this video to gain valuable insights into the GBPUSD market and enhance your trading decisions. |
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