GBPUSD: Detailed Technical Outlook 🇬🇧🇺🇸

2 Nov 2022

Here is my technical top-down outlook for GBPUSD.

The pair has recently broken a major falling trend line and a solid horizontal supply area.
The broken structures turned into supports now.

The closest resistance that I see is 1.168 - 1.174 area.

Analyzing the intraday perspective, I spotted a falling wedge pattern on 4H time frame.
I believe that the next bullish move may initiate after its bullish breakout.

Monitor the underlined green supports for buying opportunities and look for a confirmation on lower time frames.

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