FX.co ★ GBPUSD analsysis for April 19 , 2023 - Upside continuation in the play

Technical analysis:

GBP/USD has been trading upside this morning and I found the completion of the ABC downside correction in the background, which is good sign for the further higher prices.

Due to the breakout end of the correction phase and the upside cycle, I see potential for the further bullish movement towards upside references.

Upside objectives set at the price of 1.2530

MACD oscillator is upside reading, which is good sign for the further higher prices....

Support is set at the price of 1.2410