GBP Technical Analysis – Daily Timeframe
In the daily timeframe, the pound has reached the upper boundary of its ascending channel and has begun a price correction upon encountering this level.
GBP Technical Analysis – 1-Hour Timeframe
In the 1-hour timeframe, the pound is oscillating within a range box, navigating between the supply and demand zones. As long as neither of these supply or demand levels is broken, the price of the pound remains confined within this box.