GBPUSD: Upside Opportunity

GBPUSD, H2

On the H2, GBPUSD is pushing towards a vital resistance area in a short-term bullish trend. The price bounced to the trendline, but the Stochastic is out of the oversold zone, which usually indicates an upside opportunity.

GBPUSD could be considered to buy on a bounce from the trendline with a target of 1.3430;

If the resistance is broken, the growth will be up to 1.3500;

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Egor Schmidt

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