British Pound / U.S. Dollar
Long
Updated

GBP/USD.4H Chart pattern,

843
GBP/USD (4-hour timeframe

An ascending triangle pattern.

A clear horizontal resistance around 1.36200–1.36300.

An upward projection toward a "TARGET POINT" labeled above the resistance.


To estimate the target from this breakout:

📌 Target Calculation (Measured Move Method)

Using the height of the triangle:

Support (Base) ≈ 1.33000

Resistance (Top) ≈ 1.36250

Height of Pattern ≈ 1.36250 − 1.33000 = 325 pips


If the breakout is around 1.36250:

🎯 Projected Target:

1.36250 + 0.03250 = 1.39500


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✅ Final Target Estimate:

1.39500 (approximate)
This is a textbook bullish target, assuming strong breakout momentum continues.

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