GBPUSD MARKET ANALYSIS

 Hello traders, I hope you're all great and ready for the new week in the markets. Into the markets, I am looking at GBPUSD where price rallied back to a key H1 & H4 supply zone at 1.26730 & 1.26140 which was a previously broken demand and also origin of the previous broken demand and also origin of the previous drop to the H1 & H4 low at 1.25000. Price rallied to supply at 1.26140 and formed candle closes below supply followed by a H1 bearish engulfing candle. Took sell positions during NY session at 1.25993 with SL at 1.26300. Setup taken is a rally base drop, a reversal setup and my target is at 1.24100.