
“GBP/USD Bounces Back, USD/CAD Plunges: A Technical Analysis of the Market Movement”
GBP/USD Hourly Chart Analysis Formation of Base Above 1.2330 Level On the hourly chart of GBP/USD at FXOpen, the pair recently formed a base above the key 1.2330 level. This consolidation phase indicated a period of indecision in the market, with buyers and sellers closely monitoring the price action. Steady Increase Above 1.2360 Resistance Zone…