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13.09.202112:35 Forex Analysis & Reviews: GBP/USD pair trading forecast

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The ascending pattern remains a priority for the GBP/USD pair and so, there is an 80% probability of updating the monthly high. The downward movement, in turn, should be used to find the entry point for purchase.

The defining support is located within the Weekly Control Zone 1/2 1.3719-1.3702. The upward movement remains a medium-term impulse while the pair is trading above this zone. The movement within last week's extremes is flat. It is worth noting that testing the low from the previous week will give us the opportunity to enter the purchase if the corresponding pattern appears.

It is necessary to focus on the lower border when trading within the flat. The upward pattern is not yet finished, so the most favorable purchase prices are at last week's low. Sales are not profitable, so it is better not to consider them.

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