POUND DOLLAR LONGS - INTRA DAY: 27TH, 28TH JULY 2O25. for FOREXCOM:GBPUSD by lemmymg

📊 GBP/USD - Key Support in Focus

Last week, GBP/USD met strong resistance at 1.3587, a key daily opening price level from July 10th, which triggered a sharp decline of over 165 pips.

Currently, price is approaching a daily support level around 1.3401 - 1.3407, an important region formed on Monday, July 21st. This area marked the start of a significant bullish move that lasted from Monday until Wednesday last week, July 23rd.

🔍 What I'm Watching:

I'm closely monitoring the 1.3401 - 1.3407 zone for signs of bullish intent.

A break of the current internal bearish structure (i.e., shift in order flow) from this level would indicate potential accumulation and give me reasons to consider a long position.

✅ Trade Idea:

If price shows:

Then I'll look to enter long, targeting a potential recovery move.

Note: This is only a potential level of interest - If there is no confirmation to go long from this level, then there is no setup and hence, no trade. I remain patient and reactive at this key level.

To your trading success,

TradeUp team!📈📉

#GBPUSD #ForexAnalysis #PriceAction #Supportandresistance #TradeupNG