SroshMayi

GBPUSD 1D (Uptrend Channel)

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD

For this week we have a lot of News pressure

GBPUSD still trades at the bullish trend zone and created a daily uptrend channel

so technically, for the long term:
As long as the price trades above 1.2192 the direction is bullish to get 1.2660 and 1.2761 and 1.3000

Otherwise, if the price is reversed for any reason below 1.2192 closing one daily candle under it the direction will be a downtrend to get 1.2025 and 1.1910

Pivot Price: 1.2260
resistance price: 1.2660 & 1.2761 & 1.3000
support price: 1.2025 & 1.1910

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