1-Hour Chart Analysis:
Price Action: The GBP/USD pair has been trading within an upward channel, with consistent higher highs and higher lows.
Key Levels:
Possible Reversal Zone 1: Around 1.2890-1.2900, which corresponds to the lower boundary of the channel and previous support level.
Possible Reversal Zone 2: Around 1.2770-1.2780, marking another potential support level within the broader trend.
Trend Continuation: If the price remains within the channel, we could see further bullish momentum, potentially testing higher resistance levels.
Key Levels:
Possible Reversal Zone 1: Around 1.2890-1.2900, which corresponds to the lower boundary of the channel and previous support level.
Possible Reversal Zone 2: Around 1.2770-1.2780, marking another potential support level within the broader trend.
Trend Continuation: If the price remains within the channel, we could see further bullish momentum, potentially testing higher resistance levels.
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