GBPUSD: Important Breakout 🇬🇧🇺🇸

Long

British Pound / U.S. Dollar (OANDA:GBPUSD)

OANDA:GBPUSD British Pound / U.S. Dollar

Trend Lines Supply and Demand Candlestick Analysis GBPUSD pound GBP swing swingtrading swingtrade swingtrader swingsetup swingtradingsetup

trendline supplyanddemand candlestick gbpusd pound gbp swing swingtrading swingtrade swingtrader swingsetup swingtradingsetup

snapshot

GBPUSD formed a high momentum bullish candle on a daily time frame yesterday.
That candle closed above a key horizontal resistance.

The broken structure and a major rising trend line now compose a contracting demand zone
- the area from where the next bullish movement will initiate.

Next resistance - 1.263

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