GBPUSD – the currency pair attempts to reclaim the (2/8) level

03.04.2024

H4: The currency pair breached the (2/8) level but is now trying to recover lost ground. A price consolidation above the four-hour supertrend line would be a strong reversal signal. In this case, further growth of the quotes towards the daily supertrend line, currently around the (3/8) level, can be expected.

Trading decision: Buy at 1.2555, TP at 1.2634.