4 hour
The GBP/USD bounced at the long-term support trend line (blue) and is now retesting a resistance trend line (red). Price will need to break the S&R before a new trend can become visible.
1 hour
The GBP/USD bounced at the bottom of the channel and has arrived at the top of the channel. Price is now at a bounce or break spot.
4 hour
1 hour
Origin: Admiral Markets
