As we approach the end of 2023, GBPUSD is currently testing a significant resistance level that has proven to be a formidable barrier in the preceding months. Looking ahead to 2024, my expectation is for the price to breach this resistance and sustain the upward momentum, targeting a level around 1.31328.
It's crucial to acknowledge the potential for a rejection at the resistance level, which could potentially lead to a reversal of the trend, especially if there is a break in the trendline and a structural shift occurs.
I invite you to share your insights and thoughts on this analysis. Feel free to drop your comments below.