GBPUSD – The Currency Pair Reacted to the Level (4/8)

15.05.2024

H4: The four-hour GBP/USD chart. Yesterday, the currency pair tested the main support/resistance level (4/8). The price rebounded sharply upwards from this mark. Against this backdrop, the scenario with an increase in quotes towards the resistance area, formed by the line of the weekly super trend and the level (6/8), should be considered a priority in the medium term.

Trading decision: Buy at 1.2460, TP 1.2600.