GBPUSD SHORT TERM BULLISH 4HR

18 Apr 2023

At the time of this analysis, GBPUSD is currently at 1.24371. We are expecting it to go higher in price and reach the targets below;

FIRST PRICE TARGET: 1.26571
SECOND PRICE TARGET: 1.27603
STOPLOSS: 1.23280

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21 Apr 2023

Nota

If price holds at 1.23516, we are going to see an bullish move on the GBPUSD. If this condition is not met then price can potentially break down to commence a bearish trend below this price point. Watch out for price action before you take a position on this trade setup.

25 Apr 2023

Nota

We can see trend approach a price support level of 1.22766. A breakdown, at this level, will confirm a change of trend to the downside. If this support level holds, then we will see a bullish move in the GBPUSD. Take a position only at price action. Happy trading.

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