GBP/USD Analysis and Best Buying Zones

A Buying Opportunity Soon on the GBP/USD

 

The GBP/USD pair has embarked on a strong upward trend.

This is a result of previous accumulation.

The pair has managed to establish strong buying demand zones,

considered among the best areas around the 1.3225 level.

The outlook still points to continued upward movement.

Therefore, it is best to focus on buying on any correction.

 

Expected Targets


In the event of a correction and a drop to the new demand zones,

which are located around the 1.3225 level,

a rise is expected from there to the targets indicated on the chart,

which are located at the 1.3270 and 1.3330 levels.

However, if the upward movement continues, we may see some corrections

from the supply zones above, near the 1.3433 level.