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.
