GBP/USD - Possible pre-breakout setup
Updated
Possible pre-breaout setup on the 1 hour chart. If the sellers manage to produce a breakout and stay in control an initial move towards 1.2945 is likely and if that level folds, 1.2870 would be the next level to look out for.
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.