FX.co ★ GBPUSD analsysis for April 21 , 2023 - Test reject in play on the key support zone

Technical analysis:

GBP/USD has been trading downside this morning but the key support cluster at the price of 1.2400 is on the test.

Due to the test of the key support in the strong upside trend in the background, I see potential for the further upside movement towards upside references.

Upside objectives are set at the price of 1.2444 and 1.2465

Key support is set at the price of 1.2400