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.”