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GBPUSD 12 Jul 2023

GBPUSD 12 Jul 2023 on H1 Timeframe, looks like this pair is rising quite well since two days ago. It started bullish from 1.28569 then continued to rise until now it is at 1.29610. Being above the kumo cloud on the ichimoku indicator indicates that the bullish trend is still likely to continue. Go-long could be an option for traders if the pair is able to continue bullish and break R2. but still have to be aware of the possibility of reversal after touching R2, also when looking at stochastic which has been in the saturated zone. Keep an eye on market movements and trade with your own risk.

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