I spotted strong bullish pattern on the GBPUSD chart, specifically on the 4-hour time frame.
The pair has formed an ascending triangle pattern and has broken above its horizontal neckline with a strong bullish candle.
The broken neckline and trend line now create a contracting demand zone, suggesting a potential bullish movement ahead.
Targets for this bullish movement are set at 1.2744 and 1.2761.
The pair has formed an ascending triangle pattern and has broken above its horizontal neckline with a strong bullish candle.
The broken neckline and trend line now create a contracting demand zone, suggesting a potential bullish movement ahead.
Targets for this bullish movement are set at 1.2744 and 1.2761.
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