The GBP/USD has been in a bullish uptrend, and recently experienced a pullback to a previous support level, forming a bullish flag pattern indicating potential continuation. Today, the price may react at the support level and continue its upward trend. However, if the price drops below 1.2360, it may indicate a reversal and a bearish signal.
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Disclaimer
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.