GBPUSD – H1 Quick Analysis
Price is recovering from the Fibonacci support zone after respecting the lower boundary of the descending channel. Buyers are attempting to regain momentum, with the next focus on the channel resistance.
Bias: Bullish above support.
Key Resistance: 1.3465–1.3480.
Key Support: 1.3400–1.3385.
A confirmed breakout above the channel could trigger further upside, while rejection at resistance may lead to another pullback toward the support zone.
Trade with proper risk management and wait for candle confirmation before entry.
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