FX.co ★ dusty24 | GBP/USD

On the H4 timeframe, the channel system shows a similar situation to the channels on the D1 timeframe. There are also two ascending channels, a steep yellow one and a gentle pink one. The price is currently in a neutral zone, above the gentle channel and below the yellow one. The trading in the neutral zone indicates a downward movement towards the previously broken resistance from the top, but it has not returned to the channel yet, unlike the situation on the D1 timeframe. It is important to monitor the relationship between the price and the resistance of the pink channel.