FX.co ★ dusty24 | GBP/USD

Hello traders, The GBPUSD pair on the 4-hour chart is in an uptrend. On Friday, the pair made an unsuccessful attempt to move upwards. The price hit a resistance zone and is currently trading at 1.3369. The price is trading above the Ichimoku cloud, indicating a bullish sentiment. The Stochastic indicator is pointing upwards. During the recent trading sessions, the pair continued to move north, managing to stay above the pivot level. The classic Pivot levels serve as intraday reference points for growth. I assume that the uptrend will continue from current levels, and a breakthrough of the first resistance level at 1.3415 will lead to a new wave of growth for the pair and further movement north above the resistance line around 1.3502. However, if bearish players return to the market, their reference point on the current chart segment will be the support level at 1.3210.