Best Entry Points for the GBP/USD Pair

The GBP/USD pair continues its strong upward trend after breaking through the descending price channel and breaching recent selling pressures. Strong buying pressure has formed, indicating strong buyer dominance.

Currently, the pair has established several buying pressure points, which are likely to be tested before continuing the upward movement towards the higher supply levels.

Expected Buying Points

If the price pulls down and corrects to the demand zone near 1.3454, we anticipate a renewed upward move targeting the higher supply zone near 1.3787.

However, if the price breaks and closes below the initial demand zone, a drop to the next level near 1.3268 is expected, followed by a potential rebound.

Currently, the pair is considered a buy on any correction. Long-term short positions are not recommended; short-term corrections should be used to capitalize on the current market.