The GBP/USD pair has recently developed a falling wedge pattern on the hourly timeframe, and there is now a notable bullish breakout observed at the upper boundary of the pattern. This breakout signals a potential reversal, suggesting a continuation of upward movement towards the next resistance level.
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.