GBPUSD is likely to face stiff resistance at 1.1850 (static level). In case it manages to rise above that level and starts using it as support, it could target 1.1900 (former support, psychological level) and 1.2000 (psychological level).
On the downside, 1.1800 (psychological level, static level) aligns as initial support before 1.1750 (20-period Simple Moving Average (SMA)) and 1.1700 (psychological level, static level).
Meanwhile, the Relative Strength Index (RSI) indicator on the four-hour chart stays below 70, suggesting that GBPUSD has more room on the upside before turning technically overbought
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