GBPUSD – the currency pair may continue local growth

22.02.2024

GBP/USD four-hour chart. The currency pair continues its upward movement. The price held above the line of the four-hour supertrend and today managed to rise above the line of the daily supertrend. Against this background, we continue to consider the scenario with the quotes growth towards the main resistance level (8/8) as a priority. This is a strong resistance level and on it we can fix a reversal signal.

Recommendations: Sell 1.2695 TP 1.2615