GBPUSD is in an ascending channel between the trend lines.
The price has already reached the lower boundary of the ascending channel, but on small timeframes the chart keeps the descending structure and does not give reasons for reversal.
We expect a decline after resistance retest.
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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.