GBP/USD Rally: Is 1.28 the Next Target?

In my post last week about GBP/USD, I mentioned that as long as the 1.23 support remained intact, the pair could rise toward the 1.26 resistance level and that buying dips below 1.24 could be a good strategy.

Indeed, the pair climbed to 1.26 on Friday, which raises the question—what’s next?

In my view, GBP/USD is likely to continue its ascent, with the next bullish target being the 1.28 resistance zone.

In conclusion, dips around the 1.25 support could present buying opportunities, with invalidation below 1.24 and a target at the 1.28 resistance level.

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