logo

FX.co ★ GBPUSD,H4 | Potential breakout?

GBPUSD,H4 | Potential breakout?

GBPUSD,H4 | Potential breakout?

GBP/USD chart shows a neutral momentum, lacking clear direction. Price may fluctuate between the 1st resistance at 1.2727 and the 1st support at 1.2673. Supports include overlaps and Fibonacci Retracement, while resistances are multi-swing highs and overlaps. A symmetrical triangle pattern suggests consolidation, with potential for bullish or bearish breakout

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account