GBPUSD FORMED TRIANGLE ( READ CAPTION)

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**GBP/USD Forecast and Analysis**

In the H1 timeframe, the GBP/USD currency pair has formed a symmetrical triangle pattern. This indicates potential price consolidation, but the next move depends on a breakout or breakdown.

- **Bullish Scenario:** If the market breaks above the key resistance level of **1.23900**, it could signal a strong upward momentum, and we may see a continuation to the bullish side. In that case, it's advisable to hold positions for potential gains.

- **Bearish Scenario:** On the other hand, if the market breaks below the support level of **1.23300**, it could lead to a significant downward movement, and a bearish trend would likely follow. For this scenario, it's important to consider holding strong positions on the selling side.

### Key Levels to Watch:
- **Resistance Zone:** 1.24200 – Watch for any price action near this level to gauge the strength of the bullish trend.
- **Support Zone:** 1.22450 – A critical support level where buyers might step in. A break below this could signal further selling pressure.