GBPUSD H4 Trendline Analysis
Price is bouncing off the primary trendline established since the pullback of early August. Beneath, providing corrective support is the intermediate trendline from August 22. Daily close above the 0.5 Fibonacci at 1.3800 might mean the daily push from the double bottom formed on the daily timeframe has resumed. Break below the intermediate support trendline at 0.236 Fibonacci; 1.37000 confirms the resumption of the weekly reversal from 31st May.
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