Looking at the 4H chart, GBP/USD broke the descending channel and retested the 61.8% Fibonacci level with a beautiful wicky candle signaling a strong continuation to the upside. SL right below at 1.37718.
Expect new highs this year for GBP/USD.
My long-term targets are (1.39542), (1.40217), (1.41178), and (1.42402).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.