Expected Scenarios for GBP/USD Movement on the Daily Timeframe

The GBP/USD pair has continued its decline, reaching daily demand zones that are currently considered key areas for buying.

The pair is currently in an oversold state; with the emergence of buy signals, we may see some anticipated corrective moves.

Expected Scenarios

There are currently several expected scenarios for the movement of GBP/USD:

The first scenario involves an upward move from current levels, targeting the 1.3350 and 1.3430 levels, respectively.

The second scenario involves a continuation of the decline, contingent upon breaking the current demand zones and closing below them on a daily candle; in this case, we might see a test of support levels near 1.3034.