FX.co ★ GBP/USD analysis for May 30, 2023 - Rejection of the key support cluster

Technical analysis:

GBP/USD has been trading downside this morning but I found rejection of the key support cluster at the price of 1.2330, which is good sign for the further rally.

Due to the mid-long term upside trend and the rejection of the key support cluster, I see potential for the further rally towards upside references.

Upside objective is set at the price of 1.2390

Stochastic oscillator is showing fresh bull cross, which is good sign for the further rally.

Key support is set at 1.2330