GBP/USD On the Rise: Can It Maintain Momentum?
GBP/USD shows signs of resilience as it breaks through a critical resistance level at 1.2600 on the 4-hour chart. This upward movement also surpasses the 23.6% Fibonacci retracement level from its recent downturn, indicating potential bullish sentiment among traders. As the pair attempts to reclaim higher ground, market participants are eager to see whether this momentum can be sustained. Analysts suggest that continued focus on key economic data and geopolitical factors will play a vital role in determining how long this recovery can last. Keep an eye on developments in the GBP/USD pair moving forward.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]