4 hour
The GBP/USD is at the round level of 1.3250, which is an important support zone as they are two trend lines (blue) and a 50% Fib of wave 4 vs 3. Price will need to break above resistance (red) of the bearish channel before a larger uptrend continuation becomes more likely.
1 hour
On the 1 hour chart it seems like price is building a bear flag chart pattern after breaking above the steep resistance trend line (dotted orange). A break above the resistance or below support could confirm a potential breakout.
4 hour
1 hour
Origin: Admiral Markets
