FX:GBPUSD   British Pound / U.S. Dollar
During the Asian session, GBPUSD managed to move up to 1.20600 levels. The pound did not hold for long, and we see a pullback to the 1.20000 level. The chart again shows an increase in bearish pressure. For a bearish option, we need a negative consolidation and pullback below yesterday's low at 1.19350. A break below could lead to a further pullback and descent to lower support levels. Potential lower targets are 1.19000 and 1.18000 levels. For a bullish option, we need a new positive consolidation and a return above the 1.20000 level. Then we need to hold on up there and continue the recovery with a new bullish impulse. Potential higher targets are 1.21000 and 1.22000 levels.

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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