In the GBP / USD currency pair, bullish sentiment may intensify …
Drawing attention to the 4-hour chart, you can see that:

from about the middle of the US session last Friday, bullish sentiment has dominated this currency pair,
at the moment, the currency is trying to consolidate above the mirror level 1.30425 …

In the GBP / USD currency pair, bullish sentiment may intensify …
Now let’s look at the indicators:

The exchange rate remains substantially below the moving averages with periods of 34, 55, 89 and 144, which are near resistance levels of 1.31425, 1.3160 ​​and 1.31825.

The MACD histogram is still located in the negative zone and slightly below its signal line, but began to gradually increase and thus indicates a possible increase in bullish moods.

The Stochastic Oscillator went out of the oversold zone and forms a signal to buy the British pound (GBP), as the% K line rises above the% D line.

Despite only one clear signal, we expect the growth of quotes to continue, and the potential goals of the bulls are located at 1.30975, 1.31575 and 1.3225.

The “bull scenario” will be canceled if the exchange rate fixes below the mirror level of 1.30425, after which the quotes may head to the levels of 1.29925, 1.2960 and 1.2925.

Resistance Levels: 1.3060, 1.3080, 1.30975, 1.3140 / 425, 1.31575, 1.3160

Current price: 1.3046

Support Levels: 1.30425, 1.30175, 1.3005, 1.29925, 1.2960, 1.2925