FX.co ★ Technical Analysis of Daily Price Movement of GBP/USD Main Currency Pairs,Thursday April 18 2024.

Based on what can be seen on the daily chart, the main currency pair GBP/USD seems that in the near future the Cable has the potential to strengthen upwards again, where this is confirmed by the appearance of a Failing Wedge pattern which also at the same time price movements are stuck at the level of the Bullish Fair Value Gap area so that as long as there is no sustained weakening where the 1.2264 level is broken below, GBP/USD has the potential to strengthen again to the 1.2708 level as the main target and the 1.2892 level as the next target to be aimed at if the momentum and volatility also support it.

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