GBPUSD has been showing strong bullish momentum, as it continues to trade above the key support level at 1.2352. The pair broke above the resistance level at 1.2545, indicating a resumption of the uptrend from the March 8th low of 1.1802.
As the pair remains in an uptrend, further rise could be expected in the next couple of days, with the next target at 1.2700 area. However, in the near term, support levels are at 1.2435, and a break below this level could put pressure on the pair, bringing it back to the 1.2200 area.
Overall, the outlook for GBPUSD remains bullish, as long as the pair remains above the key support level at 1.2352. However, traders should keep an eye on any potential downside risks that could emerge in the near term.
