OANDA:GBPUSD   British Pound / U.S. Dollar

Happy Sunday Traders!

First we have GBPUSD . This pair is in an obvious downtrend but has just entered into the Monthly Support Zone (Brown Area).

This is a very strong support level where I think this pair has a potential for a counter-trend bounce. This is an area that has been tested multiple times in the past and this will be the area that I look for possible counter-trend long trading opportunities this week!

Monthly Support Zone= (1.13800-1.21720)