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FX.co ★ GBP/USD update for July 23, 2021 - Bullish continuation and potetnial test of 1.3850

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Forex Analysis:::2021-07-23T12:26:36

GBP/USD update for July 23, 2021 - Bullish continuation and potetnial test of 1.3850

Technical analysis:

GBP/USD update for July 23, 2021 - Bullish continuation and potetnial test of 1.3850

GBP/USD has been trading upside this morning due to downside exhaustion and the potential completion of the ABC downside correction.

Trading recommendation:

Watch for potential buying opportunities on the intraday pullbacks with the upside targets at 1,3785 and 1,3850.

Stochastic is showing oversold condition and fresh bull cross, which is sign for the rally....

Key support is set at the price of 1,3720

Analyst InstaForex
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