GBPUSD MARKET ANALYSIS

 Hello traders, here's another update on GBPUSD from the trades shared on the weekly outlook. Feel free to refer to it and check it out if you haven't. Into the markets, GBPUSD price broke above a major H4 & daily supply zone at 1.26250 & 1.25595 which was the origin of the previous major drop to the H4 demand zone at 1.23800 & 1.23150. Price filled the H4 & daily range from the major H4 & daily supply zone to the H4 demand and back to the major H4 & daily supply zone. Price broke above supply and formed higher highs on H4 at 1.26800 then retraced to retest the broken supply as a new demand before a continuation of the rally higher. Took buy positions during London session at 1.26273 with SL at 1.26000. Setup taken is a rally base rally, a continuation setup and my target is at 1.27800.