Source: Forex Analysis
Recently, the GBP/USD pair has been trading upwards. As I expected, the price tested the level 1.2527. According to the 1H time frame, I found that price is trading inside of well defined upward channel. The GBP/USD is in upward cycle. My advice is to watch for potential buying opportunities. The price successfully tested the lower diagonal of upward channel, which is good sign of strength. Upward targets are set at the price of 1.2560 and 1.2650.
Trading recommendations for today: watch for potential buying opportunities.
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