GBPUSD - Goes Up?

Chart update coming here: One idea says that the downtrend is finished and it is time to goes up to the end of channel. Lets see!
It is just an idea not a trading signals.

Note

TP1 = around 1.2800

I am looking the reaction to this area. Break or reject!

Note

just one more possibility.

A potential formation of a new channel.

for this scenario TP is 1.31

Note

Although the initial forecast was for the price to go to 1.24/1.2380, sell positions closed at 1.2490 and buy positions opened at 1.2450 due to the mimic uptrend movment around 1.25. It was a false signal and became an deviation in my analysis book.
Update idea and analysis coming later.

sis_otashi

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sis_otashi