GBPUSD, H4
In the H4 timeframe, the GBPUSD is in a correction after a robust decline and faces the 1.3160 resistance, aligned with the golden Fibonacci ratio.
The RSI oscillator leaves the oversold zone, and the Parabolic SAR creates additional resistance for the asset, giving it a mixed sentiment.
- If the price breaches above the 1.3160 resistance, it may rise to a 1.3260 and 38.2 Fibonacci ratio;
- However, a rebound from the golden Fibonacci ratio will trigger a decline to 1.3010 support.
