FX.co ★ dusty24 | GBP/USD

Hello traders, GBP/USD Sunday's technical analysis of the pair on the 1-day chart. If we look at the oscillator readings, the histogram, which may be moving back up, the price may ignore the red zone for now and continue the uptrend. The price may fully test the blue zone, return to the 1.3740 level, form a double top on the chart, break above this level, possibly reach a final high there, and then the price should move back down. The price will continue to test the larger red zone, potentially fully retest it and return to the double bottom level (1.2160).