Last Updated Date: 4 May 2022 @ 6:56 AM (UTC)
*Please note that all the dates are in GMT time zone
The GBPUSD status is overbought (6 days) and showing a minor correction up. The rallies from yesterday still hint for a short term trend shift to the upside. Look for attempts to extend rallies, but trade will need to post a close over 1.2576 to attack the previous swing high peaking levels ⇒ 1.2772. Only a close under 1.2411 - 1.2401 is bearish and suggests a selling wave to new lows.