The price has been moving in a flat since a “Triple Bottom” was formed at the last low. There’s a possible “Triangle” in progress, so the market is likely going to break its lower side in the short term. Therefore, we should keep an eye on a support at 1.4343 – 1.4305 as the next possible bearish target.
We’ve got a flat in progress on the one-hour chart. The market is likely going to test the nearest resistance at 1.4460 – 1.4487 during the day. If we see a pullback from this area, a downward movement becomes possible, so the “Triangle’s” lower side will probably be broken soon.
GBP/USD, H4
GBP/USD, H1
Origin: FX BAZOOKA
