GBPUSD is still in a strong uptrend

GBPUSD: The British pound also had a very good rally after yesterday's monetary policy announcement. GU broke through the previous resistance zone and created a positive uptrend. The number of buyers is overwhelming. The scenario for today's session is for GU to buy at 1.2700 and Citi to continue rising with hopes of buying at 1.2820.

Comment:

GBPUSD: The British pound also came under considerable selling pressure in the region last week, but before that we also saw a number of positive breakouts from buyers. Looking at the H4 (extended) framework, GU is likely to sustain short-term declines to the 1.2600 area this week, and we expect buyers to return once GU retests this support area. At the beginning of the week, Ace can expect a sell-off around 1.2720 on GU due to the slight weakness in the GAP area this morning.

Comment:

GBPUSD: This morning's GBP also showed some signs of recovery. In the short term, ace can wait to buy with this currency pair with the expected trend that GBPUSD will adjust slightly to the 1.2700 area and accumulate around the area with a amplitude of 1.26-1.27.