The GBP/USD currency pair is forming a strong ascending triangle pattern on the 4-hour chart, signaling a potential bullish breakout. With bullish sentiment dominating on multiple timeframes (5M to Weekly), and momentum indicators showing strength, I anticipate a surge beyond the 1.2800 resistance level. If confirmed, this move could open doors for a rally toward 1.2900 and beyond. Keep an eye on the breakout zone and manage your risk accordingly!
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.