GBPUSD: Bullish Bias Continues
The GBPUSD currency pair has successfully broken through the resistance line of the falling wedge pattern and is striving to remain above it. This supports the likelihood of the bullish trend continuing today, driven by positive momentum indicated by the stochastic oscillator. The pair is aiming to reach its targets, starting at 1.3200 and extending to 1.3295.
It is crucial for the pair to maintain its position above the 1.3075 level in order to sustain its upward trajectory. If this level is broken, it could trigger a correctional bearish wave on an intraday basis.