GBP/USD Daily Timeframe Analysis
1. The price is still trading within a bearish flag pattern on the daily chart.
2.Currently, the price is in a significant high on the higher timeframe.
3. There has been a recent breakout of resistance on the Daily Timeframe.
4. The breakout occurred at the same spot as the trendline breakout.
Expectation: We can anticipate a potential move to the downside for a retest of the previous resistance breakout level and the broken trendline. After a successful retest, the overall bullish trend may continue.
1. The price is still trading within a bearish flag pattern on the daily chart.
2.Currently, the price is in a significant high on the higher timeframe.
3. There has been a recent breakout of resistance on the Daily Timeframe.
4. The breakout occurred at the same spot as the trendline breakout.
Expectation: We can anticipate a potential move to the downside for a retest of the previous resistance breakout level and the broken trendline. After a successful retest, the overall bullish trend may continue.
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