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FX.co ★ GBPUSD M5: Bullish Rectangle

GBPUSD M5: Bullish Rectangle

Bullish RectangleThe Bullish Rectangle has formed on the GBPUSD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 1.3431 and its lower boundary is at 1.3423. A long position may be considered after the price breaks above the upper boundary at 1.3431 of the Bullish Rectangle.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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