Market Instrument: GBPUSD
Timeframe: Daily
Analysis: Technical
Structure: Channel Breakout and Key level
Prediction: Bullish
The channel formed on the daily timeframe for GBPUSD is very important to watch at this stage to spot an upper boundary breakout. Also, the key level formed on the chart for the following price action is acting as a resistance for the price by holding the bullish pressure. If the price manages to form a breakout on the following trend line and key level highlighted we may see a continued bullish wave to the upside following the target 1.40
Timeframe: Daily
Analysis: Technical
Structure: Channel Breakout and Key level
Prediction: Bullish
The channel formed on the daily timeframe for GBPUSD is very important to watch at this stage to spot an upper boundary breakout. Also, the key level formed on the chart for the following price action is acting as a resistance for the price by holding the bullish pressure. If the price manages to form a breakout on the following trend line and key level highlighted we may see a continued bullish wave to the upside following the target 1.40