FX.co ★ Comprehensive Analysis in Trading: Mastering Methodologies

The price of GBP/USD during the American session showed a decline to the level of 1.3470, after which it resumed its growth. On the 4-hour chart, buyer activity is visible, and if the trading day closes above 1.3500 today, it will be a signal for further growth, at least towards the inclined resistance around 1.3560. There is also significant resistance at the level of 1.3585. Therefore, I assume that if the bulls manage to break through this cluster of resistances, they will be able to break the descending trend on the four-hour chart and resume the overall bullish trend towards 1.3705, where a key level is located.