The GBP/USD price on the 1-hour chart is approaching the resistance level around 1.2850 USD, after a strong upward move from the support level around 1.2600 USD. This indicates a critical decision point where the price could either break through the resistance or reverse back towards support.
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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.