On the 4-hour chart, GBPUSD stabilized and moved upward after falling back to the previous demand area, and short-term bulls have the upper hand. At present, the upper resistance is around 1.2550. If it breaks through, it will continue to rise. The upward target is the previous supply area of 1.2717-1.2811. When the price reaches around 1.2730, pay attention to the potential bearish bat pattern.
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