GBP/USD on the Rise:Bullish Surge Positive Market Sentiment
Weekly Timeframe: Last week’s candle closed bearish, almost reaching the July resistance-turned-support zone at 1.3091.
Daily Timeframe: Yesterday’s candlestick closed bullish, with new potential support forming around 1.3122.
H4 Timeframe: Bulls may gain momentum above 1.3144, targeting resistance zones at 1.3170 and 1.3220. Conversely, a bearish scenario could unfold if the price drops below 1.3085, with targets at 1.3014.
Daily Timeframe: Yesterday’s candlestick closed bullish, with new potential support forming around 1.3122.
H4 Timeframe: Bulls may gain momentum above 1.3144, targeting resistance zones at 1.3170 and 1.3220. Conversely, a bearish scenario could unfold if the price drops below 1.3085, with targets at 1.3014.
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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.