GBP/USD has extended its upward momentum, climbing from 1.2664 to a recent high of 1.3246.

What’s Next?

  • Continued Uptrend:

    • As long as the pair remains within the rising price channel on the 4-hour chart, the uptrend is likely to continue.
    • The next targets are around the 1.3350 area, with potential gains extending to the 1.3500 area.
  • Key Support Levels:

    • On the downside, if the price breaks below the channel support, it could retreat to test the 1.3179 support level.
    • A break below 1.3179 could push the price further down toward the 1.3070 area.
       

    • ConclusionGBP/USD is maintaining its strong upward trajectory, with potential targets at 1.3350 and 1.3500. However, traders should be cautious of the key support levels at 1.3179 and 1.3070, as a break below these could signal a shift in the current trend. For now, the uptrend remains intact within the rising price channel.More By This Author:EUR/USD: Uptrend Strengthens With New Targets In SightEUR/USD: Consolidation Phase Begins, But Uptrend Remains IntactUSD/JPY: Downtrend Continues, But A Rebound Could Be On The Horizon

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