GBPUSD Possible Scenario

GBPUSD is oscillating between two zones. Based on the analysis of DXY, I anticipate a bullish trend for the pound in the upcoming weeks

Observing its response upon reaching the demand zone is crucial, but pinpointing a precise zone remains challenging due to the influx of significant USD-related news that is bound to impact this pair

Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.

Trade closed: target reached:

Both the supply zone and demand zone are being respected. Now, the chart has become somewhat unclear for me due to the presence of two strong liquidity zones in higher time frames. Predicting the initial movement in this week, which is filled with significant news, is challenging