FX.co ★ GBP/USD

Great bullish impulse on the GBP/USD chart. The price has surged more than 150 pips to the north overnight, reaching the midpoint of the 1.34 level. Currently, there is a slight pullback to the inclined level around 1.3410, which previously acted as resistance. It is quite possible that the bulls will conduct a retest from above here and resume the upward movement towards the next resistance level around 1.3475. The positive outcome of the US-Iran ceasefire has led to such a rapid and significant growth. Selling the pair will be considered near the psychological level of 1.3500, while engaging in buying now is not an option, only after the pullback.