GBPUSD is awaiting breakout either in upside or downside. The price is now in resistance level at 1.5890. At bottom, the price is supported by the rising trendline and 100MA of 4hr tf. The downside support is at 1.5760.
GBPUSD price look as if it is trapped inside the rising and descending trendline. Observation from the lower timeframe of h1 show the pair may forming a triangle.
By The Backyard Burner
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