GBPUSD in a significant uptrend, with the pound showing strength today across the board. D1 timeframe illustrates the overall bullishness more obviously.
Price has managed to close above the H1 100 and EMA, and so 1.4000 seems reasonable to reach at some point today.
As illustrated on the chart, the 1.4000 psychological level is acting as a noticeable area of support/resistance. If momentum can break this then I believe we can move much higher. the 1.40857 area then appears to be the next level to watch.
Let's see how this plays out!
Price has managed to close above the H1 100 and EMA, and so 1.4000 seems reasonable to reach at some point today.
As illustrated on the chart, the 1.4000 psychological level is acting as a noticeable area of support/resistance. If momentum can break this then I believe we can move much higher. the 1.40857 area then appears to be the next level to watch.
Let's see how this plays out!