Momentum is building with this Rectangle. See the live chart action.
Sideways movement between parallel supports.
Bullish continuation pattern.
Consolidation. Can break either way.
Market participants tracking GBP/USD should note the latest formation. Price has moved to $1.36 (1.29%) amidst recent volatility. Price action has carved out a classic Ascending Triangle. Volume is average (1.0x avg) with moderate trend strength (15.7). A potential breakout level is identified at $1.36, targeting $1.4 with support near $1.32 (R:R 1.06).
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