FX:GBPUSD   British Pound / U.S. Dollar
As you see in the chart, there was a sharp downtrend which has been reversed in an uptrend.

Currently, after a good growth, price has started a correction phase and consolidating in a rectangle .

As all of us know, rectangle patterns can be broken out to the both sides, so we should wait for the pattern’s breakout first.

Downside breakout and candle closure below it:
Expecting a drop first to 1.3515 and in the case of a downside breakout on 1.35, the next target would be around the last major low at 1.3425

Upside Breakout and candle closure above it:
Excepting more rise first to 1.3715 and in the case of an upside breakout on 1.37, the next target would be around the strong resistance level at 1.38

By the way, Be careful about today’s US news
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