FX.co ★ dusty24 | GBP/USD

GBP/USD H4

At the moment we have a test of resistance at the level of 1.3556 and so far the reaction is a move to the downside. The moving average is currently slightly below the price and it can support the pair and send it back to the upside. Then it turns out they may try to break through the resistance and continue the upward move. But they will only be able to continue upwards if the price can consolidate above this resistance. In that case the target will be the resistance at 1.3600. And if the moving average lets the price go lower, then there is or will be an opportunity to continue the move towards the support at 1.3423. All the best to everyone.