- GBP/USD is denying the bulls a clean break to the upside.
- Bulls remain in play while above the critical support.
In an update to yesterdays analysis, GBP/USD Price Analysis: Bulls could emerge again on test of 1.3080, the price action of cable has been bearish within a bullish setup, although the support structure holds and so long as it does, the bias remains with the upside.
The following illustrates the daily bullish prospects followed by a 4-hour chart analysis where price action can be monitored from:
Daily chart
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4-hour chart
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