GBP/USD Breakout to 1.2777 or rejection to 1.2666?
This chart displays the GBP/USD pair on the 1-hour timeframe currently leaning bullish, as the price has shown strength approaching the resistance.
The price is currently testing a key resistance zone around the 1.2689-1.2700 level, with potential bullish momentum indicated by the recent rally.
If the price breaks above the resistance zone and closes beyond 1.2700, it could indicate a continuation toward the next resistance level at 1.2777
The price is currently testing a key resistance zone around the 1.2689-1.2700 level, with potential bullish momentum indicated by the recent rally.
If the price breaks above the resistance zone and closes beyond 1.2700, it could indicate a continuation toward the next resistance level at 1.2777
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