FX:GBPUSD   British Pound / U.S. Dollar
📈 Technical report:

▪️ We see a strong resistance on D1 at "1.32049", so we are looking for a short pattern on H4.

▫️ We see a rectangle pattern on H4, and now we are waiting for a clear breakout.

▪️ If we see a clear break above the mentioned resistance line on D1 timeframe "1.32049", then this scenario will be changed and we will be looking for a long pattern on H4 for the next D1 target at "1.35148"
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.