Bullish impulse on GBP USD for longs 2020

GBPUSD is rallying as expected reacting to monthly and weekly demand zones created a few months ago. Ever wondered how to trade GBPUSD Forex currency pair using supply and demand imbalances? It is imperative to understand why and how currency pair moves for the development of each Forex trader. Typically, price moves owing to supply and demand imbalances; and which is why, it’s essential for every trader (especially beginner) to grasp the concept first. We at Set & Forget can help you learn Forex trading step by step.

GBPUSD Forex supply and demand strategy forecast

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. You can read the original GBP vs USD long term forecast analysis here. 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.

GBP USD chart price action analysis

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

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