GBPUSD: Bullish Offensive Set For The 1.3430 Levels!


The GBPUSD continued its bullish momentum, bottomed at the 1.3147 levels, and topped at the 1.3371 levels (on a 4-hour closing basis).

This development leaves the pair targeting the 1.3430 levels, a halt is likely and a pullback may be seen from here, but a break through the 1.3430 levels would open 13500 next, further upside, resistance comes at the 1.3600 levels.

On the downside, support comes at the 1.3328 levels, a clear break below that level may delay the bullish move and bring consolidation above 1.3147 levels before another rise happens!

Conclusion: The GBPUSD continues to face upside threats above the 1.3147 levels, below that level sees a pullback threats to the 1.3060/1.3030 levels.blank


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