Gpbusd sell analiysis

1. Identify Key Levels

Support Level: Around 1.28000 USD

Resistance Level: Around 1.29000 USD

2. Calculate the Distance

Distance between Support and Resistance:
USD (100 pips)

This means the potential downside move is approximately 100 pips from the support level.

3. Trading Implication

The red arrow suggests that 1.29000 is a strong resistance and price may reject downward.

The blue arrow indicates a possible bearish movement toward 1.28000 support if the resistance holds.