GBPUSD is in a channel now looking for buy at support when price meet the lower of the channel TP at the upper of the channel and SL a few pips below the channel @1.2420 In the 4H we got a RSI divergence though.
Technical analysis: Potential double bottom seen in H4 price tested the résistance one cleared and a firm close above it uptrend will resume to target new high. Entry @1.2618 SL @1.2498 TP @1.2825 Fundamental analysis: Today CPI reading cames as market expectations showing slowdown in price pressure that's mean traders are betting on dovish Fed tomorrow and...
GBPUSD failed to break bellow 1.2610 in a strong uptrend consider a buy with target @1.2800 and then 1.2900 SL @1.2580
We'll waiting a break of the short-term bullish trend line to enter a short position with target 1.02320