GBPUSD 11-15 Week Analysis [October] Rectangle Ready to breakout

12 Eki 2021

A rectangle chart pattern has formed on 1H chart for GBPUSD bounded by parallel support at 1.3580 and resistance 1.3595 levels. From here, the price could breakout to the upside or downside. Further market sentiments may help determine the direction with key news from BoE Mann expected tomorrow may influence the long term movement.

13 Eki 2021

İşlem kapandı: hedefe ulaştı

Rectangle analysis seemed spot on and the trend followed accordingly.