GBPUSD → Correction before bullish trend continuation

has been rising for the last month and a half as the market sentiment and the behavior of the dollar, which is gradually updating lows.

GBPUSD → Attempting a trend change. 1.257 - trigger

The tariff war by trump is just in full swing. The dollar continues its correction on the back of US politics as well as inflation data.
GBPUSD at this time is trading in the bullish zone, above the support at 1.262 - 1.2576. Thus, within the framework of the correction, which has been observed since the opening of the European session, the price may test the liquidity area before further growth.

Resistance levels: 1.2718, 1.2678
Support levels: 1.262, 1.2576

The local trend is bullish and the price is forming a local correction. In this case, it is worth looking for strong support zones with the purpose of rebound and continuation of growth. Targets in this case are intermediate highs: 1.2718, 1.2811

Regards R. Linda!

Trade closed: target reached

RLinda

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