Trend Identification:
Since early January, GBP/USD has been trading within an Ascending Channel indicating an Uptrend.
Resistance Level:
The pair has reached a significant horizontal resistance level around 1.2700, So GBPUSD can Drop to the Lower Support Trend Line of the Channel.
Disclaimer:
Trading involves risk, and this analysis is for educational purposes only. Traders should perform their own due diligence and risk assessment before executing any trades.
Since early January, GBP/USD has been trading within an Ascending Channel indicating an Uptrend.
Resistance Level:
The pair has reached a significant horizontal resistance level around 1.2700, So GBPUSD can Drop to the Lower Support Trend Line of the Channel.
Disclaimer:
Trading involves risk, and this analysis is for educational purposes only. Traders should perform their own due diligence and risk assessment before executing any trades.
Trade active
Started and Went Down Already more than 30+ PipsNote
Playing very Well with more than 70+ PipsNote
Moved more than 120 Pips to the Direction PredictedTrade closed: target reached
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.
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.