I spotted a strong bullish signal on the 📈GBPUSD chart. The currency pair showed a double bottom pattern on the 4-hour timeframe and successfully broke through both a key resistance level and a parallel channel resistance line.
The neckline of the double bottom pattern was formed by a horizontal resistance level on an intraday basis.
The highlighted blue area represents a good opportunity to enter a long position, as the neckline and trend line have been breached.
It is expected that the pair will continue to rise towards the 1.2808 level.
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