GBPUSD is exiting the descending channel upwards, thereby showing us that the channel boundary is being broken through. There is a strong level of 1.21615 on the chart, price is trading above it at the moment.
From the local low, 1.17650, the price went up, making a local uptrend channel, which is trying to show a bullish potential of the market.
I assume, if the price can consolidate above the support zone and above 1.21615, there are all chances to see the growth up to the short term target 1.23310.
Regards R.Linda!
From the local low, 1.17650, the price went up, making a local uptrend channel, which is trying to show a bullish potential of the market.
I assume, if the price can consolidate above the support zone and above 1.21615, there are all chances to see the growth up to the short term target 1.23310.
Regards R.Linda!
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Youโ๏ธCAN and โ๏ธSHOULD make money in trading!
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