FX.co ★ dusty24 | GBP/USD

Good Saturday day, gentlemen speculators GBP/USD H1

Yesterday, the currency pair GBP/USD did not differ from other majors and spent the whole time consolidating below the starting level of the ascending square at 1.3415, which will remain the main resistance for it on Monday. If this resistance is broken on Monday, the realization of the ascending impulse from the minimum of 1.3301 will resume with the nearest target for buyers at the level of 1.3473 (135-degree angular mark). Upon breaking this resistance as well, the pound-dollar exchange rate may continue its rise to the median level of the square at 1.3531, however, it is possible that the bulls may not let it go above 1.3503. If the price is held below 1.3415, the northward movement is likely to be canceled, and the GBP/USD pair will resume its decline with the prospect of updating the last minimum, but I think this is only an alternative scenario.