GBP/USD Forecast. Forex Analysis

gbp-l34 hour

The GBP/USD is building a corrective pattern in the larger uptrend. A break above the resistance trend lines (orange/red) could see price move towards the Fibonacci targets whereas a break below support (blue) could see price make a larger bearish correction.

1 hour

The GBP/USD is building an ABC corrective pattern. The breakout direction depends on the price’s reaction versus the trend lines.

4 hour

1 hour

Origin: Admiral Markets

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