Will the GBPUSD Bullish Outlook Continue or Correction Coming?

The GBPUSD pair is showing bullish signs, but a correction is likely. Our previous target of 1.24233 has been met, but new factors may impact the pair in the coming week. Despite the Chinese New Year holidays, market expectations for high-impact news releases such as Flash Manufacturing PMI and Advance GDP q/q may lead to volatility. GBPUSD is expected to reach for liquidity above the high of 1.24468 on December 14th, 2022. Look for reversal patterns for potential retracements and price action balance around the 1.20226 and 1.20000 levels. It's important to conduct your own research and analysis before making any trades.

What's your opinion on this idea? Please share with me in the comment below and also like and follow for more updates. Wish you all a profitable trading or investing journey.

Trade active:

It's Monday again. The GBPUSD pair is reacting as anticipated. Please pay close attention to the 1.23855 price region on a 15m time frame. Price is likely to print a reversal pattern between 1.23855 and 1.23792.