GBPUSD – Currency Pair Unable to Rise Above the (4/8) Level

26.06.2024

H4: The currency pair remains in a sideways range (3/8 – 5/8). Recently, the price has unsuccessfully tried to break through the main support/resistance level (4/8). This signal indicates that in the near future, the price may exit the horizontal channel by breaking through its lower boundary. This scenario is considered a priority today.

Trading Decision: Sell at 1.2695, TP at 1.2573.