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Bullish outlook on GBPUSD - 20 March 2023

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Libra Esterlina/Dólar Americano (FOREXCOM:GBPUSD)  
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FOREXCOM:GBPUSD   Libra Esterlina/Dólar Americano
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index GBPUSD gbpusdlong gbpusdbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usdollar gbpusd gbpusdlong gbpusdbullish forex forexsignals forextrading
Prices have broken above a key support zone at 1.2150 on the H1 timeframe. A throwback to this zone, which coincides with the 38.2% Fibonacci retracement, could present the opportunity to ride the bounce to the resistance zone at 1.2250, which is in line with the 78.6% Fibonacci extension. Price is holding above the 20 EMA and Ichimoku cloud, supporting our bullish bias.
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