GBPUSD is expected to break through 1.2550
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.