In big picture, we seem to just finished a 1-hour level down trend, proved by the newly formed 1-hour level central region developed above latest bottom on the 11th July at 08:00
It seems that the GBP was leaving the 1-hour central region with a type-III buy signal at 21st July 12:00. However that 5-min level trend ended up dead after seeing the15-min level central region sell signal (also a 5-min type-II sell signal). Now the price re-entered the previous 1-hour central region.
It's therefore likely that the price will go up and down around this 1-hour central region (1.7543 and 1.7481).
It seems that the GBP was leaving the 1-hour central region with a type-III buy signal at 21st July 12:00. However that 5-min level trend ended up dead after seeing the15-min level central region sell signal (also a 5-min type-II sell signal). Now the price re-entered the previous 1-hour central region.
It's therefore likely that the price will go up and down around this 1-hour central region (1.7543 and 1.7481).
The 1-hour level central region is showing enough strength as such that recent movement are still around it. (1.754 and 1.748)
There is no sign yet of pulling away from this region.