GBP/USD Analysis

GBP/USD Analysis

While support is awaiting at 1.2910, the GBP / USD fell from the bullish trend. The GBP / USD fell from 1.3013, the highest since March 10, and the bullish momentum weakened, dropping 0.35% to 1.2950 on Thursday's 4-hour chart, losing its bullish trend. “GBP / USD dropped the upward trend that accompanied last week. While momentum remained positive on the 4-hour chart, the Relative Strength Index was still close to 70. '' “Awaiting support at 1.2910 and 1.2845, both of which are stepping stones on the rise. The next level to watch is the 1.2775 level last weekend. '' "The first resistance is at 1.2975, which temporarily lowered the pound on Thursday, and the next level is at the final peak of 1.3010."