GBPUSD Analysis

We've closed in on the 4hr chart here for a closer look into price action. We can clearly see the stronger support and resistance highlighted and at this moment price is trading within this range, in this zone we have some key psychological levels and minor s/r areas too. If we also notice the 200 MA, it is acting as a dynamic support - all something we are keeping our eyes on. Most recently, price went to test 1.25 which is a minor resistance and pulled back to the 1.24 region. From a daily perspective price has rejected our stronger support, it will be interesting to see if the bullish pressure continues as we eagerly await U.K's PM's speech to the nation regarding the lockdown.