SasanSeifi|GBP/USD on the rise?

20 ส.ค.Hey there, Upon reviewing the GBPUSD chart from a mid-to-long term perspective, the trend still leans towards the bullish side, with medium-to-long term targets potentially lying within the 1.32 to 1.33 range. Currently, on the 4-hour timeframe, the price is trading around the 1.30300 level.

Possible Scenarios:
In the current situation, if the price continues to be supported by strong demand and breaks above 1.30600 with confirmation, short-term targets of 1.31 to 1.31400 could be in sight. This could lead to the formation of a new high above the 1.30500 level.

To better understand the continuation of this trend, it is crucial to monitor how the price reacts to these short-term targets. Should the price encounter resistance and fail to hold above 1.30600, we might see a pullback to the levels of 1.29700, 1.29500, or even 1.29.

💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!

Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌