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GBP/USD - Triangle Breakout (23.05.2025)

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The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.

Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.

Target Levels:
1st Resistance – 1.3502
2nd Resistance – 1.3534

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The U.S. dollar decreased because of Donald Trump's latest escalation of the trade war, suggesting the implementation of 50% tariffs on the European Union starting June 1, and threatens 25% tariffs on Apple, Samsung phones.

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