Wed, Feb 01, 2023 @ 09:03 GMT
HomeContributorsTechnical AnalysisGBPUSD Intraday Analysis

GBPUSD Intraday Analysis

GBPUSD (1.3790): The British pound managed to post some modest gains on Friday following the reversal on Thursday. However, the downside breakout from the triangle pattern on the 4-hour chart indicates that the bias is to the downside. The currency consolidation in price suggests a bearish flag pattern that is emerging. This could indicate GBPUSD targeting the support level near 1.3611 – 1.3589 in the near term if the bearish flag pattern can be validated.

Orbex
Orbexhttp://www.orbex.com/en/agent/cl/ccc678cb86b9
At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading.

Featured Analysis

Learn Forex Trading

Forex Algorithmic Trading

Low Spread Scalping Strategies

Identifying Correlations

Exchange Rate on Forex

Trade Bitcoin the Right Way

How to Trade Using Oscillators