Anticipated Upside Move for the GBP/USD Pair on the Daily Timeframe

The GBP/USD pair is currently moving within a strong downward wave, following a reversal from the supply (selling) zones located above.

The pair is expected to continue its decline, targeting demand (buying) zones near the 1.3200 level, which currently represent the most significant buying area for the pair.

Expected Targets

A recovery in the pair’s upward momentum is anticipated once it tests the demand zones near 1.3200. From there, the pair could target upside levels at 1.3260 and 1.3350, respectively.

However, this bullish outlook would be invalidated if the specified demand zones are broken and the price closes below them on a daily candle.