FX.co ★ dusty24 | GBP/USD

Movement on the GBP/USD pair, we can see that the price was able to demonstrate strength of the bulls, as buyers during the trading day broke significant highs at 1.353 and 1.362. Currently, looking at the chart from a local perspective, the bulls are at the level of 0.659, above the impulse zone of 1.354. In order for the price to continue moving higher, buyers must break the resistance levels, which will open up a price channel towards the next unworked medium-term extremes at 1.377, 1.382, where sellers historically drove the price down. I also do not exclude the development of a reverse scenario for selling. The signal will be formed if buyers fail to break the resistance at 1.367, which could lead to a decline in the pair, testing the lower lows at 1.363 to gather liquidity.