GBPUSD H1 Analysis 18/8/2023
- GBPUSD is currently in an uptrend structure.
- Strong buying support is found at 1.27185 - 1.26944.
- If the price touches the first support and reacts positively, we consider buying along the ascending price channel.
- In the scenario of reaching the next support level, there's a likelihood of price seeking liquidity for potential stop-loss hunting at this point.
- Strong buying support is found at 1.27185 - 1.26944.
- If the price touches the first support and reacts positively, we consider buying along the ascending price channel.
- In the scenario of reaching the next support level, there's a likelihood of price seeking liquidity for potential stop-loss hunting at this point.