GBP/USD Analysis and Expected Rebound Zones

Best Medium-Term Selling Zones for the GBP/USD

 

The GBP/USD pair has broken the downtrend

after bouncing off daily demand zones.

Based on the current movement, it is expected 

that the pair will continue to rise due to the buying momentum,

 reaching the selling supply zones

located at 1.3505, as shown on the chart.

These are considered good areas from which a decline is expected if

any sell signals appear, as shown on the chart.

However, if the pair breaks and closes above the initial supply zones,

it is expected that the rise will continue to the next zones

 at or near 1.3670, which are considered the strongest selling zones

 for the pair at the moment.

In the event of a current decline, we may see a resurgence.

If demand zones are reached at the 1.3370 level,

this will allow the current upward movement to continue, 

targeting the selling zones above.