FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD is in a weekly downtrend. In the lower hour, the daily bearish wave is also continuing, trying to create a pattern in which a four hour bullish wave can appear. If the 4-hour uptrend line does not break, there will be an impulse to stop the daily downtrend. And, for the uptrend to continue, it will need to find support above the weekly supply zone. Otherwise the floor will be tested again. Conversely, if it finds support, it could rise near the monthly supply zone.
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.