GBP/USD daily and hourly charts, prior analysis
* GBP/USD bulls are moving up a gear from the critical support structure.
* The bulls have their eyes on a fresh daily high.
As per the prior analysis, GBP/USD Price Analysis: Bulls seeking a discount from daily support structure, the price has respected the support structure and has subsequently moved higher as the bulls piled in.
The following illustrates the bullish bias from the daily chart's perspective and the price action on the lower 1-hour time frame.
* The bulls have their eyes on a fresh daily high.
As per the prior analysis, GBP/USD Price Analysis: Bulls seeking a discount from daily support structure, the price has respected the support structure and has subsequently moved higher as the bulls piled in.
The following illustrates the bullish bias from the daily chart's perspective and the price action on the lower 1-hour time frame.