FX.co ★ GBP/USD

In the GBP/USD pair, we managed to break out with the current unclosed four-hour candle above the support zone bounded by the levels of 1.3438 - 1.3463. We are currently trading at a price of 1.3471, and if the price is held until the candle closes, which is another two hours of trading, this opens up the possibility for the GBP/USD pair to continue rising towards the resistance at 1.3591, where I have set the ceiling of the trading range on a four-hour scale according to Envelopes. The cancellation of this upward movement will occur if the four-hour candle closes below the level of 1.3438.