Best Buying Zones for the GBP/USD Pair in the Long Term

The GBP/USD pair is currently moving in a strong downtrend due to the recent strength of the US dollar.

The pair is approaching very strong weekly and daily demand zones, which are considered among the best buying opportunities on the daily timeframe. These zones are expected to push the price upwards in at least a corrective move.

Expected Targets

If the price reaches the daily demand zones near the 1.3108 level shown on the chart, we expect to see a price rise to the targets near 1.3170 and 1.3260, respectively.

This analysis will be invalidated if the daily candle breaks and closes below the identified demand zones on the chart.