GBP/USD, Technical Analysis – H1
GBP/USD is currently consolidating near a key slanted support on the H1 chart, with the setup increasingly favoring a downside resolution.
GBP/USD is currently consolidating near a key slanted support on the H1 chart, with the setup increasingly favoring a downside resolution.
We continue to monitor the development within the “megaphone” (broadening formation) pattern, which has been working flawlessly so far.
The pair is repeating the pattern of a chaotically expanding megaphone formation, which has been observed previously.
The upward technical correction has reached its optimal height.
Bitcoin (BTC/USD) trades at 65,490 this Monday morning, finding temporary stabilization following reports of a diplomatic pause between the US and Iran.
Brent Crude trades at 86.34 this Monday morning, dropping roughly 10% across the past two trading sessions as emerging diplomatic channels trigger a sharp unwinding of the geopolitical risk premium.
Another bullish continuation pattern is forming — a classic “Bull Flag.”
The medium-term structure remains bullish for now, with consistently higher local lows and renewed highs.
What we had anticipated for nearly a week has materialized: bears have broken through the sloping support near 1.1400.
Gold trades at $4,028 per ounce this Friday morning, facing modest near-term headwinds as a firming US Dollar exerts downward pressure across the precious metals complex
Brent Crude trades above 100.00 per barrel this Friday morning, entering three-digit territory as unprecedented supply risks engulf all primary Middle Eastern maritime corridors.
Bitcoin is consolidating just below a massive solid concrete resistance in the $67,000–67,500 zone.
The overall structure remains bullish, as evidenced by consistently higher lows. However, the price action has also shown notable deterioration.
The price is approaching the upper boundary of the “megaphone” (horn) pattern we highlighted yesterday.
A bullish continuation pattern (“bull pennant”) has formed, suggesting further upside momentum.