GBP/USD Setups: Bullish Reversal at Key Demand Zone Sparks Fresh Opportunity
GBP/USD has tested a strong demand zone between 1.2650 and 1.2675, showing signs of a potential technical reversal. With oversold RSI and stochastic levels, support from the 200-day EMA, and bullish candlestick patterns, traders should watch key levels near 1.2650 for entry and 1.2750 as initial resistance. Macro drivers like BoE and Fed policies will remain influential in shaping near-term momentum.
