GBPUSD: Bullish Setup Explained 🇬🇧🇺🇸

Long

British Pound / U.S. Dollar (OANDA:GBPUSD)

OANDA:GBPUSD British Pound / U.S. Dollar

supportandresistance supplyanddemand headandshoulders gbpusd usdollar usd dollar pound gbp forecast

GBPUSD is trading in a bullish trend on a daily.
The price is taking off from a key support.

A head and shoulders pattern formation on 1H confirms the strength of the underlined structure.

I think that the pair will reach 1.222 / 1.2265 levels soon

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