GBPUSD: What to Look at This Week 🇬🇧🇺🇸

10 באפר׳ 2023

GBPUSD broke and closed above a solid horizontal resistance cluster on a daily time frame last week.
The pair is correcting now.
The market is steadily falling within a bullish flag pattern on 4H.

To catch the next bullish move, I would recommend waiting for a bullish breakout of the resistance of the flag.
4H candle close above will confirm the violation.

A bullish continuation will be expected at least to 1.25 then.

If the price breaks a support of the flag, the setup will become invalid.

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