FX.co ★ dusty24 | GBP/USD

Hello traders, in my brief forecast for today regarding the trading instrument GBPUSD, I expect further growth of the currency pair towards the next resistance level. Most indicators on the hourly timeframe point to an increase in the currency pair towards the next resistance level. The overall trend on the 1-hour chart remains bullish. On the 1-hour chart, we can see the currency pair near the resistance level of 1.38615. Today, I expect a breakout of this resistance level at 1.38615 and further growth of the currency pair towards the next resistance level at 1.39906. If the GBPUSD pair manages to break above this resistance level at 1.39906 and hold above it, I will expect further growth of the currency pair towards the next resistance level. However, if the GBPUSD pair fails to break above the resistance level at 1.39906 and hold above it, I will expect a pullback of the currency pair towards the support level at 1.37409.