Looking at H1 and H4 GBP/USD charts we see, that supply is getting stronger. Also the daily timeframe shows pin bar candle which may forecast decreases. On the above chart – hourly – we see something in the shape of head and shoulders formation. Rate is still increases, but they will probably end near the yesterday’s high. Breaking below the red line should bring a another decreasing wave – the first important target here is a green support zone (consolidation lower limit).
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