Pivot point: 1.3830
The preferred scenario: Entering long positions in the event of price stability, the highest levels of 1.3830, targeting the levels of 1.3940 and then the 1.4000.
Alternative scenario: entering short positions in case the price breaks the demand area at 1.3830, targeting the 1.3730 levels.
Commentary: The GBP/USD pair is trading in a general sideways direction that tends to rise, as it is still trading within the price boundaries of the ascending price channel, as the price remained consolidating above the demand area at 1.3830 , which supports the positive outlook for the pair's trading in the short term, especially in light of the price consolidation above the moving averages (50 - 100), in addition to the presence of a positive deviation in the liquidity flow indicator, towards buying.
