FX.co ★ dusty24 | GBP/USD

Hello traders, GBP/USD Н4

The resistance at 1.3485 essentially does not allow quotes to go higher, resulting in a southward impulse at the moment. The moving average is already above the quotes, indicating its support for the southern direction. Therefore, there is a chance of breaking the support, and if it manages to consolidate below the level, the southern direction will continue. In this case, we will look at the targets based on the actual consolidation below the level. Of course, as long as the support is not overcome, there is still a chance of a move to the north. Wishing everyone profitable trades.