GBP/USD Chart: Neutral Momentum and Symmetrical Triangle Pattern Point to Consolidation and Potential Breakout

GBP/USD chart shows a neutral momentum, lacking clear direction.

Price may fluctuate between the 1st resistance at 1.2727 and the 1st support at 1.2673. Supports include overlaps and Fibonacci Retracement, while resistances are multi-swing highs and overlaps.

A symmetrical triangle pattern suggests consolidation, with potential for bullish or bearish breakout

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Topics

gbp/usd chart consolidation resistance Support Fibonacci retracement bullish breakout symmetrical triangle pattern fluctuate neutral momentum clear direction overlaps bearish breakout