On the GBPUSD D1 chart, the current bullish momentum is evident. The most recent demand formed during this upward movement is highlighted in blue just below. This level presents an excellent opportunity for a continuation buy position. Conversely, the red-marked supply above serves as the next potential reversal point, suggesting a sell position. Both options are pertinent for long-term or swing traders.
Chart PatternsSupply and DemandSupport and Resistance

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