There is a symmetrical triangle formation here on the GBPUSD 1D chart, and we are awaiting a breakout on either side.
There is strong resistance at the 1.26800 level; there must be a break and close above this level for a possible continuation to 1.27000.
To the downside, we have strong support at the 1.22746 level, and we must break below this level for a possible continuation down to 1.22000.
This trading week will be very busy with all of the upcoming fundamental announcements, and there are bound to be big market moves, so make sure you trade safely and responsibly.
Please do not forget to support us by liking, following, and commenting on our posts; this helps us greatly.