we can see that price will get to an area of interest. lets see what really is going to happen. make sure you make your own confluence remember trading is a personal experience.
if this market has a lot of buyers market will continue to the upside. but if price show weakness in this area, the red lines will be valid as a supply took it from Daily and 4H TimeFrame.
FX:GBPUSD Price will have to retest and broke the yellow zone if bulls want to keep pushing at least for this year. For now I will look forward to see how the market will react on the next monthly candle formation.
This analysis is base on support and resistance. Looks like the buyers were looking for liquidity to push the price up, in this moment I am looking for a new high.
