GBPUSD NEAR THE CHANNEL RESISTANCE!!!
MARKET ANALYSIS: The pair is now trading inside a downward channel. The pair has reached the channel resistance level. If the channel resistance breaks out we can see a further uptrend towards the next possible resistance level zone.
Alternate scenario: If resistance holds on we can see a downfall to the next channel support level. So lets wait and see what the market does in the coming days. Cheers!
Alternate scenario: If resistance holds on we can see a downfall to the next channel support level. So lets wait and see what the market does in the coming days. Cheers!
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Trade closed: target reached
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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.