💡The chart shows technical analysis of the GBP/USD currency pair On the daily time frame D1. The chart shows the presence of a descending channel that prices have been moving within for a while. (Descending Channel) Broken Channel Prices have broken through the bearish channel to the top, indicating a possible trend change from bearish to bullish.
The green shaded area represents the new support level after the breakout, a level that may keep prices above it. The MACD indicator shows increasing positive momentum in conjunction with the channel breach, which supports the bullish idea.
⛔️It is not investment advice for educational purposes only.
The green shaded area represents the new support level after the breakout, a level that may keep prices above it. The MACD indicator shows increasing positive momentum in conjunction with the channel breach, which supports the bullish idea.
⛔️It is not investment advice for educational purposes only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.