GBPUSD may continue to rise before falling. The 4-hour uptrend line remains intact and continues to break through the 4-hour supply zone (red dotted line). If it rises above that line and settles, it will make a new high.
However, when the 4-hour uptrend is broken by a retracement from the 4-hour supply zone, it will come down to the daily demand zone.
However, when the 4-hour uptrend is broken by a retracement from the 4-hour supply zone, it will come down to the daily demand zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.