The chart for GBP/USD on a 45-minute timeframe, with the current price at 1.27399, highlights several Change of Character (ChoCh) and Break of Structure (BoS) points, indicating trend shifts and continuations. The price is moving towards a demand area around 1.26903, suggesting a potential bullish reversal. A projected "W" pattern indicates a possible double bottom before a bullish breakout, targeting around 1.27573, with a stop-loss near 1.26793.
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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.