GBP/USD 1-Hour Timeframe
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Price Action: The market is currently in a consolidation phase after a bullish rally. Prices are trapped between the 1.3400 and 1.3360 zones, which act as resistance and support levels, respectively.
Key Zones:
Resistance: 1.3400 zone.
Support: 1.3360 and 1.3320 zones.
Forecast: Price may test the upper resistance, and if rejected, could continue downward to test the lower support zones. A potential break above could trigger a further bullish move, while a break below may suggest a bearish continuation.
Price Action: The market is currently in a consolidation phase after a bullish rally. Prices are trapped between the 1.3400 and 1.3360 zones, which act as resistance and support levels, respectively.
Key Zones:
Resistance: 1.3400 zone.
Support: 1.3360 and 1.3320 zones.
Forecast: Price may test the upper resistance, and if rejected, could continue downward to test the lower support zones. A potential break above could trigger a further bullish move, while a break below may suggest a bearish continuation.
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