
GBP Strength in the Short Term Against Most Currencies
The GBP index is moving in a sideways direction on the hourly chart.
This is after reaching demand zones on the daily chart.
So far, the signals point to consolidation.
Therefore, if the consolidation is successful, the index is expected to rise.
This indicates strength for the GBP against most currencies.
If the supply zones are broken and closed above them,
specifically closing above the 2.7783 level, the index is expected to continue rising,
reaching the specified targets at the 2.7820 and 2.7870 levels, respectively.
If the demand zones are broken and closed below them,
the analysis is temporarily canceled.