👀 Observation: Hello traders! Here's my analysis for the GBP/USD pair. Currently, I anticipate the price to continue its downward movement towards the target of 1.19872. However, if GBP/USD breaks above the 1.23220 level on the 1H timeframe and consolidates, I expect a potential bull market scenario to unfold.
📉 Expectation: Downward trend to 1.19872 unless 1.23220 is broken. If the 1.23220 resistance is breached, a bullish movement may start.
💡 Key Levels to Watch: Target 1: 1.19872 Resistance to break: 1.23220
💬 What’s your take on GBP/USD this week? Let me know in the comments below!
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