GBPUSD

١ يونيو ٢٠٢٣

GBPUSD been moving in a descending triangle pattern; a huge weekly one. There is also a horizontal area which act like a magnet and will probably act again when price breaks this triangle upward. Let's see what happens.

١ يونيو ٢٠٢٣

ملاحظة

In daily timeframe we can see that after price couldn't penetrate the lower side of this descending triangle, price started an upward impulse wave. It seems price is moving upward in a smaller triangle pattern. Have to wait and see if GBPUSD can reach the upper side of the bigger triangle pattern-the double blue lines- and if it can break it. Let's see what happens.