GBPUSD

GBPUSD parity was met with 4-Hour imbalance during the decline. Although the price broke the averages, it accelerated upwards again from this internal liquidity area.1.2396 is the close EMA50 support. As long as the imbalance box that the price returned to is not lost, we will not expect deep declines. Support: 1.2396 – 1.2378 Resistance: 1.2412 – 1.2428