#TradeIdea GBPUSD Outlook! On the H4, GBPUSD rose aft | FBS Analytics
#TradeIdea
GBPUSD Outlook!
On the H4, GBPUSD rose after the US CPI release, and an ascending channel pattern formed. The price is holding near the 61.8 Fibonacci level with the RSI overbought, although the MA200 indicates the possibility of further upside.
If the price falls below the support at 1.2670, it will fall to the lower trend line to the support at 1.2600; However, in case of a bounce from support, GBPUSD could rise to 1.2750;
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