Pivot point: 1.3830
The preferred scenario: Entering long positions in case the price breaks through the 1.3830 levels, targeting the 1.3940 and then the 1.4000 levels.
Alternative scenario: entering short deals in the event of price stability below the 1.3830 levels, targeting the 1.3720 levels.
Commentary: The GBP/USD pair witnessed a breach of the descending price channel, at the beginning of this week's trading, and then entered a correction phase, to consolidate at the levels of 1.3775, ready To complete the current bullish wave, and target the aforementioned levels, especially in light of the intersection of the moving average (50), above the moving average (100), in a confirmation sign that there are more rises in the short term. The outlook remains positive for the pair’s trading in the presence of the liquidity flow indicator At saturation levels.
