In my opinion, considering that this currency pair has passed several important supports and is on a trend line and a very strong daily support, and according to the RSI indicator, which is in the overbought zone, it can experience a significant correction. Do not forget about capital management. good luck
I think GBPUSD will move higher to reach the resistances I have identified on the chart. From there, it will continue to move downwards. Please consider capital management. Good luck.
If the price can rise up to 1.27484 to 1.27686, based on the following analysis, it can have a good return: 1- Elliott wave analysis which includes 5 complete waves. 2- Fibonacci retracement point analysis. 3- The stock is in the overbought area. 4- Trend line in daily time. This is my analysis that you can see in the chart. Good luck.
According to this side, considering that the stock stick oscillator is in the saturated area and we are on a trend line support, the probability of price return is high. With thanks for your attention. Good luck.
Price movement forecast for today with Canadian CPI news if positive news comes for Canada. Good luck
As you can see, EURUSD is in an excellent selling zone after breaking the daily trend line and a pull back on it. Good luck to you.