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GBPUSD 4H time frame:
the price reaches the upper line of the parallel channel, and meanwhile we see a divergence between the price and MACD. the divergence support the dynamic resistant as the upper line of channel.
Let's look closer at the end of the price movement.
the chart below shows 1H time frame.
buyers should be careful because at 1H time frame GBPUSD is printing an ascending channel (ending channel). buyers weakness is obvious.
I expect a bearish outlook for GBPUSD.
GBPUSD 4H time frame:
the price reaches the upper line of the parallel channel, and meanwhile we see a divergence between the price and MACD. the divergence support the dynamic resistant as the upper line of channel.
Let's look closer at the end of the price movement.
the chart below shows 1H time frame.
I expect a bearish outlook for GBPUSD.
