FX.co ★ GBP/USD

GBPUSD H4 Last trading week, the pound stopped falling near 1.2265, where it is likely to find support to begin an upward experience some retreat and tested the 20-period simple moving average on the 4-hour chart. Currently, the technical indicators show a bearish trend. The Relative Strength Index is still below the neutral level of 50, and the Moving Average Convergence Divergence has not yet confirmed a bearish crossover below its trigger line. Both indicators are in negative territory at the moment. On thecorrection. The price rose to the signal level, broke through the resistance line of 1.2431, and reached the reversal level of 1.2594, where it stopped. At the same time, the price chart entered the green supertrend zone, indicating that buyers are trying to take control of the situation

channel, when the bulls are there, I am neutral regarding purchases, as well as regarding sales, which are now knives for me. My trading principle is to trade in the movement's direction of channel H4, Looking ahead to the remainder of the trading week, all eyes are now firmly fixed on the potential for a sustained upward movement in the GBP/USD pair. While market dynamics remain subject to change, the current sentiment among traders suggests a growing inclination towards a bullish bias. As such, traders are advised to closely monitor key levels and market developments for any signs of further bullish momentum or potential corrective movements. because it is the main channel. On the beginner’s channel, demonstrate entry and movement during sound moves when bounce is minimal