GBP/USD May Continue to Rise After Correcction Down
#trading_idea #GBPUSD 💡
💸Sterling - May Recover towards 1.1287
On the 1H chart, the price is testing the resistance level of 1.2851 for the second time. Despite the overall uptrend, a correction to 1.2828 is possible. The RSI is in the overbought zone, indicating the potential for such a move. The pound strengthened a touch on Thursday after data showed Britain's economy grew 0.6% in the second quarter of 2024, in line with economists' expectations.
🔼If the price break the 1.2851 resistance the further rise to 1.2869 resistance is possible.
🔽Alternatively, the price may slide back to 1.2828 support.
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😎 Hit "👍" if you believe the price will rise and "👎" if you think it's dropping.
💸Sterling - May Recover towards 1.1287
On the 1H chart, the price is testing the resistance level of 1.2851 for the second time. Despite the overall uptrend, a correction to 1.2828 is possible. The RSI is in the overbought zone, indicating the potential for such a move. The pound strengthened a touch on Thursday after data showed Britain's economy grew 0.6% in the second quarter of 2024, in line with economists' expectations.
🔼If the price break the 1.2851 resistance the further rise to 1.2869 resistance is possible.
🔽Alternatively, the price may slide back to 1.2828 support.
➡️Don't forget about SabioTrade August Giveaway with a total of 100K in funding up for grabs! ⭐️
😎 Hit "👍" if you believe the price will rise and "👎" if you think it's dropping.
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