FX.co ★ dusty24 | GBP/USD

GBP/USD Н4 After testing the resistance at the level of 1.3590, the pair's quotes headed south, also breaking below the moving average at this point. The moving average is now above the quotes, acting as resistance to the north direction. Therefore, it seems that there is a possibility to continue the southern path, with the initial target for the quotes being the support at the level of 1.3480 and a potential breakthrough of this level. If the level is breached and the pair consolidates below it, it may continue its southern trajectory. Otherwise, a bounce from this support could lead to a resumption of the northern direction, with the focus shifting to the resistance level. Wishing everyone success.