- Daily prospects are towards 1.3220 following latest correction.
- GBP/USD bulls await a break of near-term structure and a bullish environment.
GBP/USD bulls are set on a break to the 1.32 area on a bullish extension following a significant retracement and mean reversion of the prior bullish impulse.
The following illustrates the price action and subsequently price analysis, forecasting the upside continuation.
Bears might be prudent to wait for a bullish environment and a break and retest of the structure illustrated in the above chart.
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