@cokafor430 on GBPUSD | PriceONN Community
I'm observing a potential ascending triangle forming on the H4 chart for GBPUSD, with resistance around 1.3480 and support near 1.3430. A breakout above resistance could signal a continuation of the bullish trend, targeting 1.3550. However, a break below support would invalidate the pattern and could lead to a deeper correction towards the 200 SMA around 1.3390. I'll be waiting for a clear breakout with increased volume before making any decisions. Also, the RSI is approaching overbought territory, so I'll be monitoring that closely for any divergence signals.