there is a buy strength on the daily time frame and 4 hours indicates GBP has high expectations but needs to make a slight decline to get the momentum of price decline to achieve daily resistance, and will do a reversal up to the support trendline. At a timeframe of 1 hour and below shows a slight downward movement to lure the purchase.
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.