GBP/USD is approaching a key horizontal support level at 1.2365, which has historically proven to be strong. This level could serve as a solid foundation for a bullish rebound, offering a prime opportunity for a local move upward. If the price holds at this support, we can expect a potential bounce, making it an attractive buy zone for those looking to capitalize on the upside. Keep an eye on price action around this level for confirmation!
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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.