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AlfonsoMoreno

GBPUSD forex cross pair supply and demand analysis

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
AlfonsoMoreno  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Supply and Demand GBPUSD gbpusdlong gbpusdtrade gbpusdidea gbpusdanalysis forexsignals
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trendanalysis supportandresistance supplyanddemand gbpusd gbpusdlong gbpusdtrade gbpusdidea gbpusdanalysis forexsignals
As explained in a previous GBPUSD Forex analysis posted previously , we have been looking to go long on GBPUSD ever since monthly demand level gained control. Now we have a brand new strong weekly demand imbalance at 1.2937 that is trying to play out as expected.

Selling GBPUSD Forex cross pair is not allowed because a strong weekly demand is in control and we have a weekly uptrend with new demand levels being created and respected.
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