GBPUSD forex cross pair supply and demand analysis

2020-01-02 15:34:23

As explained in a previous GBPUSD Forex analysis posted previously , we have been looking to go long on GBPUSD ever since monthly demand level gained control. Now we have a brand new strong weekly demand imbalance at 1.2937 that is trying to play out as expected.

Selling GBPUSD Forex cross pair is not allowed because a strong weekly demand is in control and we have a weekly uptrend with new demand levels being created and respected.