GBPUSD – Currency Pair May Continue to Rise

17.07.2024

H4: The currency pair has consolidated above the main support/resistance level (4/8). Yesterday, the price tested support at the four-hour supertrend line. Today, the price is holding above the four-hour supertrend line. All these signals indicate a high probability of continuing the upward movement towards the medium-term target at the level of (6/8).

Trading decision: Buy 1.2939, TP 1.3062.