GBPUSD – Awaiting Resumption of Upward Movement

31.07.2024

H4: The currency pair continues to test the (2/8) level for support. The price has yet to break through this level. In this context, the primary scenario being considered is a rise in quotes towards the main support/resistance level at (4/8). This scenario will be invalidated if the price falls below the (2/8) level.

Trading decision: Buy at 1.2820, TP at 1.2939.