From the point of view of technical analysis, it seems that the
GBPUSD
parity ratio is forming a Shark harmonic pattern in the one-hour time frame, and as long as the price enjoys the support range between 1.2274-1.2794, the rate can aim to complete the harmonic pattern. It is intended to increase the resistance range between the numbers 1.2881-1.2863, in which the Fibo resistance of 1.13% of the XC wave will be seen at 1.2820.
GBPUSD
parity ratio is forming a Shark harmonic pattern in the one-hour time frame, and as long as the price enjoys the support range between 1.2274-1.2794, the rate can aim to complete the harmonic pattern. It is intended to increase the resistance range between the numbers 1.2881-1.2863, in which the Fibo resistance of 1.13% of the XC wave will be seen at 1.2820.
Dara Golbon