GBP/USD Longs from 1.2700 or 1.26700

1 Haz

My bias for GU this week is for it to continue its bullish trend, expecting a retracement to an area of demand. I've marked two potential zones of interest: the 3-hour demand and the 10-hour demand just below it. Once the price reaches these levels, I expect it to accumulate and present a clean buying opportunity on the lower time frames.

If the price doesn't form a correction and continues upward, I'll look to take sells from a supply zone near 1.27900 or slightly higher.

Confluences for GU Buys are as follows:

- Demand zone has caused a break of structure to the upside.

- Lots of liquidity to the upside as well as that wick that needs to get filled.

- Price is already been bullish so this is a pro trend trade.

P.S. As of now I will be waiting to see which direction Price would like to go in and prepare myself from there. Have a great trading week guys!

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