GBPUSD Double bottom pattern

4 Jul

In the 4-hour chart, GBPUSD formed a double bottom pattern and then stabilized upward. At present, the bullish trend is dominant. In the short term, you can pay attention to the support near 1.2710. If it stabilizes at this position, you can consider going long. The upper resistance is around 1.2800. After breaking through, the upper resistance is around 1.2860.