GBP/USD: Retracement Offers Opportunity for Bullish Impulse

Yesterday, the currency pair of the British Pound and the US Dollar, commonly known as GBP/USD, hit our initial take profit target. Following that, the price experienced a reversal, or retracement, which caused it to retreat to an area around 1.2450. This presents a new opportunity for the price to potentially resume its upward trajectory, in line with the overall trend. We are currently monitoring the market for any indication of a bullish impulse that could potentially drive the price further upward.