FX.co ★ GBP/USD

Hello! At the moment, the bulls in the British Pound/US Dollar pair have reached my target at the resistance of 1.3565, moving up from the support at 1.3375 without facing any resistance from the bears. Overall, I wasn't expecting the breakthrough of the 1.3565 level yet, however, the market reality is such that the price may rise even further towards the 1.36 mark. I still hope for a southern correction in the GBP/USD quotes. Moreover, the bulls have now broken through the previous high at 1.3480, which also represents the approximate midpoint of the last upward wave, so a correction can be expected in this area, followed by a bounce and a resumption of the uptrend. Only then, it would be possible to consider buying the GBP/USD pair at the end of the bearish correction, but at the moment, it feels a bit scary.