GBPUSD, August 3, H1 - H1

Wednesday, August 3, 2022 7:08 PM

Price is moving in the range of the H1 uptrend channel. There are two scenarios.

1. Blue scenario: moving towards the resistance range of 1.238 - 1.239

2. Red scenario: breaking the channel and moving towards the support range of 1.196 - 1.197.

Best Regards

Rezgar