FX.co ★ dusty24 | GBP/USD

There are 2 ranges on the MN timeframe, one old, with parameters = 1.3141 - 1.2110, and the other new, with parameters = 1.3769 - 1.3184. Note that this range, with the status of monthly levels, is actually even higher, as the boundaries of the range have remained stable for years. So the new range formed in June 2025, confirmed in September 2025, and is still in effect. In June 2026, the price attempted to break below the range support at point 6, touching its boundaries, but at the moment, it has been pushed back within the range, above the support = 1.3184. The June candle is still active. Therefore, the real outcome will be after its closure. In my opinion, even if there is a break below, it will likely be false, and the price will move back up towards the resistance = 1.3769.