The GBP Index and a Possible Upward Trend in the Short Term.

The GBP Index resumed its upward movement on Monday.

The index climbed to the supply zones located at 2.7907.

The index also began to break the downtrend shown on the chart.

If the breakout is successful and the supply zones

 are breached and closed above them,

the upward trend is expected to continue, 

reaching targets at 2.8030 and 2.8100.

However, if the pair returns, declines, and closes below 

the current supply zones,

another downward trend is expected, and the pair

 returns to the demand zones below,

located at 2.7774. However, based on current price behavior,

 the most likely scenario is a continued upward trend.