Approaching Monthly, Weekly, and Daily Demand Zones.

Long

British Pound / U.S. Dollar (OANDA:GBPUSD)

OANDA:GBPUSD British Pound / U.S. Dollar

GU has been pushing us down for the last month or so after its strong rally. With that strong rally it took out a recent major Monthly supply zone. Now has pushed down into monthly demand. If we can get a nice trendline bounce to the upside and a break of the descending trendline we will have several confirmations of this market continuing its bullish trend long term. Long Setups will be in our favor.

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