GBPUSD is undergoing a decrease in value with a decreasing wedge model.
On the H4 chart frame, we observed that it seemed that the Guam still found a suitable point under the 1237 -priced area of the ability to break the positive resistance of the resistance threshold in the decreasing trend. Confirmation will occur if the closing price of 4 -hour candle is exceeded this level. After this appearance, one can expect the continued price increase towards predetermined goals.
In addition, breaking the red area is marked, going down will make the price drop significantly.
On the H4 chart frame, we observed that it seemed that the Guam still found a suitable point under the 1237 -priced area of the ability to break the positive resistance of the resistance threshold in the decreasing trend. Confirmation will occur if the closing price of 4 -hour candle is exceeded this level. After this appearance, one can expect the continued price increase towards predetermined goals.
In addition, breaking the red area is marked, going down will make the price drop significantly.
Comment:
GBP/USD has reached the support milestone that requires a clear signal for sale or purchase.
