Available Scenarios for the GBP Index

The GBP Index is currently moving in an uptrend,

due to the previously warned consolidation.

The GBP Index is expected to continue rising in the coming period.

This indicates that the GBP is expected to strengthen against most currencies.

The GBP Index is currently trading in demand zones, 

with signs of a reconsolidation on the hourly chart.

If the current reconsolidation is successful,

a rise to targets of 2.7810 and 2.7870 is expected.

If the current demand zones are broken and closed below them,

we may see a temporary decline in the GBP Index, reaching the demand zones below,

located at 2.7617, from where a resurgence is expected.