In the 4-hour timeframe, GBP/USD appears to be exhibiting a bullish trend, supported by a breakout from a descending channel pattern. Additionally, the completion of a 50% retracement further strengthens this bullish bias. Traders may consider looking for buying opportunities as the pair potentially continues its upward momentum.
In the 4-hour timeframe, GBP/USD appears to be exhibiting a bullish trend, supported by a breakout from a descending channel pattern. Additionally, the completion of a 50% retracement further strengthens this bullish bias. Traders may consider looking for buying opportunities as the pair potentially continues its upward momentum.