FX.co ★ dusty24 | GBP/USD

GBP/USD Н4

The resistance at 1.3635 pushed the quotes down, and at the moment we have a southern direction towards the support at 1.3550, where we also have support from the moving average. It turns out that these supports could well return the quotes towards the north, and then there will be a possibility of breaking the resistance. However, the northern path can continue only if the price manages to stay above this level. On the other hand, breaking below the support level would of course indicate a southern direction, but even if the price manages to hold below that level, it is unlikely to go far. The support at 1.3480 could disrupt plans for further movement in the southern direction.