From what can be seen on the 4-hour chart of the main currency pair GBP/USD, it can be seen that the momentum of the Cable is starting to strengthen upwards. This is confirmed by the MACD Histogram which is increasing and the price movement is moving within the Bullish channel and above the EMA 200 which has an upward slope. Also, in the near future GBP/USD has the opportunity to strengthen to level 1.2492. If this level is successfully broken upwards then level 1.2543 will be the next target which will be attempted to be achieved provided that on its way to these target levels there is no downward correction that penetrates. below the 1.2275 level because if this level is broken below, the strengthening scenario in GBP/USD that has been described previously will automatically cancel itself.
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