Dear traders,

Last time I share with you my analysis on GBPUSD.

Since then the price has followed scenario 2.

We’ve experienced a bullish move and currently, I am also looking at the same pair.

GBPUSD Trading Analysis 21.05.2025

The price is approaching a major supply zone.

I will be still waiting for the price to affirmatively close above the zone before making any trading decisions.

So, the next move is up, but the one after might be up or down.

This is what I am expecting to see happen:

We need to see the price going higher first, and depending on the close, I will decide if I will be taking any short positions.

What will make me take a short position is either a bullish rejection candle, like an inverted pin bar.

Alternatively, if could be a bearish confirmation candle like a Bearish Engulfing.

Until one of those scenarios plays out, I will be patiently waiting.

Happy trading.

Atanas