GBPUSD - ANALYSIS

👀 Observation:
Hello traders! Here's my analysis for the GBP/USD pair. Currently, I anticipate the price to continue its downward movement towards the target of 1.19872.
However, if GBP/USD breaks above the 1.23220 level on the 1H timeframe and consolidates, I expect a potential bull market scenario to unfold.

📉 Expectation:
Downward trend to 1.19872 unless 1.23220 is broken.
If the 1.23220 resistance is breached, a bullish movement may start.

💡 Key Levels to Watch:
Target 1: 1.19872
Resistance to break: 1.23220

💬 What’s your take on GBP/USD this week? Let me know in the comments below!

Trade safe