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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