Long

GBPUSD - Daily Bullish signs

Updated

has recently passed an important support zone, indicating potential for higher targets. After a clear pullback to the 1.2830 area, the pair is positioned for a further rise.

The British Pound has been bolstered by a series of positive economic indicators and political stability. According to recent reports, analysts at Investec have raised their forecast targets for the Pound against the Dollar, driven by a more promising economic outlook and favorable political conditions in the UK. This aligns with the technical setup, where GBPUSD is poised for a continuation of its upward movement following the successful retest of the support zone.

Overall, combining the technical and fundamental perspectives suggests a bullish outlook for GBPUSD, with potential for further gains as long as the support zone holds firm.

Trade closed: target reached

Congratulations to everyone who followed our GBPUSD insights! Despite a deeper pullback and a fake move under the support zone, it has perfectly hit our targets. Well done.

Sober_Trading

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