Gbpusd PIPS rain coming Sell zone read the caption
On the 1 hour chart, we can see more closely the recent price action with the pair ranging between the 1.2612 support and the 1.2643 resistance. We can notice that the price has already broken the triangle to the downside, but we will need also a break below the support zone to confirm the breakout. Watch out for the data today as it will add extra confirmation for a breakout on either side.