Analysis of GBPUSD 4 - hour Chart

Analysis of GBPUSD 4H Chart
Trend Analysis
From the 4 - hour chart, GBPUSD is generally in an uptrend. The price fluctuations have formed a series of higher highs and higher lows, indicating that the bulls are in control 🐂.

Key Levels
Support Area: The range of 1.3200 - 1.3240 is clearly marked as an important support area in the chart. Previously, the price has rebounded near this area multiple times, suggesting that there is strong buying pressure in this area. If the price retraces to this area again, it may present a potential opportunity to go long 💰.

Target Area: 1.3420 is marked as the target area. If the price breaks through the current consolidation range and continues its upward trend, it is expected to move towards this target price level 🎯.

Trading Strategy
Long - position Strategy: When the price retraces to the 1.3200 - 1.3240 support area and a bullish candlestick pattern appears, one may consider entering a long position. Set the stop - loss just below the support area, and target the 1.3420 target area 📈.

⚡⚡⚡ GBPUSD ⚡⚡⚡

🚀 Buy@1.32000 - 1.32400
🚀 TP 1.33500 - 1.34000

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