Kishore
Short

GBPUSD CHANNEL RESISTANCE REACHED!!!!

FX:GBPUSD   British Pound / U.S. Dollar
297 0 8
MARKET ANALYSIS: The pair is trading inside a long term channel. Now it has reached the resistance level . Mean while there is a support near by. So if the support is broken we can expect the market to reach the next possible support level .

ALTERNATE SCENARIO: Mean while if the channel resistance is broken the trade is invalid. We will look for a better long entry. So lets wait and see what the market does in the coming days. Cheers!
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