GBPUSD: UpTrend
Currently, the GBPUSD pair is pausing around the 1.31499 level after a strong rally recently. What’s interesting is that we can see the price respecting the support trendline, forming a clear and attractive ascending channel. At this moment, all eyes are on the key resistance area around 1.3262, which is expected to be the battleground for a decisive move.
If this short-term bullish momentum continues to build, a break above 1.3262 could propel the pair to test the higher resistance at 1.. However, if the buyers fail to push through this barrier, we may see a pullback to the trendline before resuming the upward trajectory.
If this short-term bullish momentum continues to build, a break above 1.3262 could propel the pair to test the higher resistance at 1.. However, if the buyers fail to push through this barrier, we may see a pullback to the trendline before resuming the upward trajectory.
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