Aside daily uptrend channel, a 4h uptrend and a 1h downtrend is fighting at the end of the triangle.
while the GB central bank is moving hawkish, I assume a final touch to the bottom of the triangle will be made and then the pair will step up breaking the triangle.
Seller's may face a challenge crossing the 1.3802 SnR line as long as buyer's always aggressively played their role on that level on recent attempts!
So I think after touching that level, buyer's will come aggressive like latter times adding the hawkish movement of GB Central bank giving them more confidence While USD isn't showing itself strong (Fund. & correlations!)
while the GB central bank is moving hawkish, I assume a final touch to the bottom of the triangle will be made and then the pair will step up breaking the triangle.
Seller's may face a challenge crossing the 1.3802 SnR line as long as buyer's always aggressively played their role on that level on recent attempts!
So I think after touching that level, buyer's will come aggressive like latter times adding the hawkish movement of GB Central bank giving them more confidence While USD isn't showing itself strong (Fund. & correlations!)