On the 4-hour chart, GBPUSD stabilized and rebounded, with short-term bulls in the ascending position. The current upward target can be seen around 1.252, and after reaching it, pay attention to the potential bearish bat pattern. In addition, 1.2522-1.2575 is the previous supply area, and the probability of a rebound at this position is relatively high.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.