Hello traders! In the GBPUSD currency pair review, an uptrend is observed. The technical analysis shows that on the four-hour timeframe, the price is trading above the Ichimoku cloud, above the Kijun-sen and Tenkan-sen signal lines, the Chikou span line is above the price chart, and a golden cross is active. The Bollinger Bands are expanding and turning north, indicating an increase in volatility, the MACD oscillator volumes are rising, and the trend filter oscillator is colored green, showing a bullish sentiment. In case the price successfully consolidates above the level of 1.3384, the nearest potential target for the upward movement is the resistance level at 1.3457. If the bulls manage to break this level, we may likely see an increase in quotes towards the level of 1.3535. Buying will be a priority as long as the price trades above the critical Kijun-sen line. An alternative scenario would be a price consolidation below the cloud.
