GBP/USD is trading inside a consolidation zone after a sharp recovery. A breakout above 1.31636–1.31962 may signal bullish continuation, while failure to hold support increases downside risk.
Price dropped out of the recent consolidation box and is now trading below 1.31636 support. This breakdown shows short-term bearish pressure. If the pair stays below this zone, it may retest lower levels toward the recent lows. Bulls need a quick recovery back above 1.31636 to regain control.
Price dropped out of the recent consolidation box and is now trading below 1.31636 support. This breakdown shows short-term bearish pressure. If the pair stays below this zone, it may retest lower levels toward the recent lows. Bulls need a quick recovery back above 1.31636 to regain control.
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Trade closed: target reached
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