FX.co ★ GBPUSD analsysis for April 14 , 2023 - Upside continuation in the play

Technical analysis:

GBP/USD has been trading downside this morning but I see potential for the further upside continuation after the downside correction.

Due to the strong upside cycle in the background and build of higher lows on hourly plus trading above key resistance zone 1.2515, I see potential for the further upside continuation.

Upside objective is set at 1.2575

MACD oscillator is showing bullish reading, which is good sign for the further upside movement.

Short-term support is set at the price of1.2515