Strong Swing Opportunity for the GBP/USD Pair
The GBP/USD pair is moving in a strong downtrend on the daily timeframe.
This comes after the pair managed to break all of the uptrends.
The pair has managed to establish new strong demand areas on the daily timeframe.
This is a strong indication that sellers are in control and the downtrend continues.
Currently, there is a correction wave on the pair that could push
it to continue its upward movement, reaching near the supply zones identified on the chart.
These areas are located near the 1.34920 levels.
From these areas, a decline is expected to target 1.3380 and 1.3230.
The analysis failed to break and close above the specified supply zones.
Specifically, a daily candle close above the 1.35890 levels.
