GBPUSD 4H Weekly Analysis

GBPUSD forms a bearish channel. The bullish consolidation might break at 1.31546 level. If the price find resistance at 1.31546 level it will have a higher chances of revisiting the 1.29976 level or even break that level.

A shorterm uptrend is forming. As long as the price doesn't break the channel it will continue to go up.

Key Levels

1.37310
1.35998
1.34643
1.31546
1.29976