GBP/USD | Clean Drop Hit Target, Now Setting Up for the Next Mov

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By analyzing the #GBPUSD chart on the 2 hour timeframe, we can see that price dropped exactly as expected and successfully hit the 1.32130 target, even dipping briefly to 1.3200. After that move, GBPUSD bounced and is now trading around 1.325.
I expect a small pullback first, but after that the pair could push higher toward the 1.328 area. This analysis will be updated soon.

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Best Regards , Arman Shaban

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By analyzing the #GBPUSD chart on the 2 hour timeframe, we can see that price pulled back deeper than expected and is now trading around 1.3200. Over the next 4 hours we need to see whether GBPUSD can hold above this level or not. If it stabilizes above 1.3200, a bullish move is likely. If it fails, we should expect a heavier correction from the pound.