GBPUSD, H2
In the H2 timeframe, GBPUSD breaches above 1.3260 and faces the upper border of the pattern.
The %R is in the overbought zone, and the MFI oscillator shows a bearish divergence with the asset, potentially indicating a bearish pressure for the asset:
- If the price rebounds from the 1.3260, it will open the way to the 1.3330 resistance;
- However, breaching below the support may trigger a decline to 1.3210 support.
