Bullish Momentum Expected in GBP/USD: New Long Setup Forecasted

26 Nis 2023

Yesterday's trading session witnessed a significant pullback in the GBP/USD currency pair, with the dynamic trendline once again proving to be a reliable support level for the pound, thus enabling a fresh bullish rally to commence. Based on our analysis, we anticipate the emergence of a new Long setup that aligns with the current maintrend. Our forecast suggests that the first take profit level could potentially be at the 1.2500 mark.