FX.co ★ Daily Video Analysis: GBPUSD facing bullish pressure, potential for further upside!

Today we take a look at GBPUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price has just broken above a major resistance level and continues to hold above the Ichimoku cloud, showing strong bullish momentum in line with our analysis. We could potentially see further upside towards our take profit level, which is in line with our -27.2% Fibonacci retracement and 78.6% Fibonacci extension levels.