GBP/USD On Bullish Direction, Will Try Again To Break 1.314 Level

GBP/USD ended last week’s bullish session near the day’s high, where it closed at 1.3132, while the pair’s highest at 1.3151.

GBPUSD 4-Hour Chart

Currently, the pair is trading in a bullish direction and the pair is trying to break through the 1.3143 resistance level which has failed to penetrate several times before.

As for technical indicators:

Momentum RSI 14 has become supportive of something buyers and the ADX indicator supports buyers with a positive cross between its red and green indices and its main index.It is expected that a break of 1.2999 might target the pair at 1.2818 on the other side, if the pair breached the 1.3143 level it might target 1.3269.

Support: 1.3083, 1.2818, 1.2112Resistance: 1.3137, 1.3269, 1.3448Direction: Up

Good LuckTradingPeek

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