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MarcellusLUX

GBP/USD may reach 1.227 soon, 4H chart showing signs of reversal

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
MarcellusLUX Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis GBPUSD gbpusdanalysis gbpusdlong gbpusdsignal
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trendanalysis chartpattern beyondta gbpusd gbpusdanalysis gbpusdlong gbpusdsignal
Hello traders, GBP/USD may reach 1.2270 level soon. We have a bullish impulse
candlestick in the 4H timeframe.

📌If price manages to stay above 1.21, the next target would be the 1.2270 level.

📌As per my analysis, US dollar has peaked for the time being and we will see
a reversal in GBP/USD.

📌Eventually, my bullish target for GBP/USD is 1.2550 which I expect to be hit
in the next 3-4 weeks.
Comment:
Price has broken the hourly moving average, nearly up 140 pips from the daily lows
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