Strong Buying Opportunity on the GBP/FR Pair on the Daily Timeframe

The GBP/FR pair is moving in a strong upward trend, having broken through previous resistance levels and established new, strong buying zones.

The demand zones near 1.0640 are considered the best buying opportunities currently expected for the pair.

Expected Targets

If the price tests the demand zones near 1.0640, we expect to see a renewed upward move towards 1.0680 and then 1.0730, respectively, thus continuing the upward trend.

However, this analysis and the expected upward movement will be invalidated if the daily candle breaks and closes below the identified demand zones.