There is some bullish momentum behind GBPUSD, and there may be a possibility of a re-test of the monthly high.
Here are the details:
The price action on the 1D chart looks bullish. The market is in an ascending price channel with higher market swings and lower rejection price wicks; the market is also currently above the 20 EMA.
Preferred Direction: Buy
Resistance: 1.27858 Support: 1.26612
Technical Indicators: 20 EMA
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