Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2686. According to the H4 time – frame, I found that there is a confirmed double bottom pattern with a fake breakout of the support at the price of 1.2477, which is a sign that sellers got exhausted. I also found that there is a breakout of the 12h balance, which is another sigh of the strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of 1.2743 (upper Keltner band).
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