GBPUSD Downward Price Delivery Persists
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GBPUSD Downward Price Delivery Persists

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Azeez Mustapha

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Market Analysis – December 23

The GBPUSD pair continues to extend its bearish trajectory following a corrective phase. This movement aligns with the classic Market Maker Model (MMM), transitioning from the upward phase initiated in May, through the reversal in September, to the ongoing downward delivery.


GBPUSD Key Levels

Demand Levels: 1.26200, 1.23330, 1.21000
Supply Levels: 1.28340, 1.30420, 1.34140

GBPUSD Downward Price Delivery PersistsGBPUSD Long-Term Trend: Bearish

In September, GBPUSD peaked at 1.34340, marking the yearly high and forming a notable swing high. The Elder Ray Bull and Bear Power Indicator signaled a shift in market dominance from bulls to bears at this level.

Since then, the pair entered a downward phase. Between October and November, a reaccumulation phase emerged, temporarily pausing the decline. Currently, GBPUSD is nearing the end of a secondary accumulation phase, with price action shaping a micro-market maker model near the critical support at 1.25000.


GBPUSD Short-Term Trend: Bearish

On lower timeframes, the bearish structure remains robust and well-defined. Bearish order blocks dominate the swing highs, providing multiple shorting opportunities. Traders can leverage these setups to align with the prevailing bearish momentum.
GBPUSD Downward Price Delivery PersistsThis structure underscores the continued dominance of sellers and supports further downside potential in GBPUSD. By utilizing forex signals, traders can better gauge the market’s direction and make more informed decisions in line with the ongoing trend.

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