Greetings traders here is my idea on GBPUSD and it is a Buy.
As we can see on the chart the price has started in a ascending channel with a full growth for a potential bullish trend to 1.28000 as a main target.
We expect a uprising in the channel after testing the current level which suggests that the price will continue to rise.
On the chart there where some sell positions from earlier.
After the FOMC and BOE meeting we can see that the price is scheduled itself for a future uptrend but with patience it is to early and risky due to low liquidity we will see the price in January how it will go.
This pair has a Strong Support Zone and may form a double pattern after all FOMC and BOE and Trumps election victory may be in a Future Uptrend Movement.
Traders if you like this idea give a like,comment i will be glad
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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.