GBPUSD IDEA

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Trend Overview:
GBPUSD is currently in a bullish uptrend on the 4-hour time frame.
The trend began at 1.23000 and has seen subsequent price movements.
Key Price Levels:
First High: Reached at 1.26331.
Pullback Correction: Occurred at 1.24477, forming the first lower high.
Support Zone: Price was rejected from a strong support area between 1.24900 and 1.24600.
Recent High: Last Friday, GBPUSD made a new high at 1.27000, representing a potential resistance level.
Forecast:
Considering the rejection from the recent high, it’s likely that price will pull back toward the previous support level.
The target for this pullback is approximately 1.25742.

Feragatname

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