GBP/USD on May 20, 2022

Hi, dear traders! According to the H1 chart, GBP/USD settled above the retracement level of 423.6% (1.2432) on Thursday. While the pair failed to extend its upside movement on Friday, it still remains above the 423.6% level. The ascending trend channel indicates traders are currently bullish. If GBP/USD settles below the trend channel, it could […]