GBPUSD hitting monthly support 1.26 to retest at the bottom of bullish channel after punching through the roof of the down supertrend, hovering on the middle of the bollinger band. Potential rejection and reversal to the upside towards resistance levels 1.36, 1.42, and 1.48.
Trade active
November candle closed above the middle of the bollinger band, which indicates rejection to the upside. Candles on the following months will try to reach the roof of the bollinger band at the least.
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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.