Bullish Signals from MA and MACD Suggest GBPUSD May Rise Higher

The GBPUSD pair is exhibiting robust bullish momentum, bolstered by a breakout above a crucial Moving Average (MA) line, suggesting a stronger upward trend. The MACD indicator is also signaling positively, with the MACD line positioned above the signal line and an increasing histogram.

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In the 15-minute chart depicted above, GBPUSD continues to present opportunities for price increases, as the current price has formed an ascending channel, indicating a persistent uptrend. Moreover, the MACD being in the positive territory adds to the potential for upward movement. If the above scenario holds true, GBPUSD could advance towards the resistance level of 1.25900.

Technical Reference: Buy as long as it stays above 1.24825
Potential Take Profit 1: 1.25720
Potential Take Profit 2: 1.25900
Potential Stop Loss 1: 1.25055
Potential Stop Loss 2: 1.24825