GBP/USD 1-Hour Timeframe
visit our website for more breakdown
Price Action: The market is currently in a consolidation phase after a bullish rally. Prices are trapped between the 1.3400 and 1.3360 zones, which act as resistance and support levels, respectively.
Key Zones:
Resistance: 1.3400 zone.
Support: 1.3360 and 1.3320 zones.
Forecast: Price may test the upper resistance, and if rejected, could continue downward to test the lower support zones. A potential break above could trigger a further bullish move, while a break below may suggest a bearish continuation.
Price Action: The market is currently in a consolidation phase after a bullish rally. Prices are trapped between the 1.3400 and 1.3360 zones, which act as resistance and support levels, respectively.
Key Zones:
Resistance: 1.3400 zone.
Support: 1.3360 and 1.3320 zones.
Forecast: Price may test the upper resistance, and if rejected, could continue downward to test the lower support zones. A potential break above could trigger a further bullish move, while a break below may suggest a bearish continuation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.