GBPUSD: Confirmed Bullish Reversal
The GBPUSD appears to be showing a bullish trend on both daily and intraday charts.
The daily chart shows a breakout of a resistance line in a wide horizontal channel, as well as a reversal in the trend.
On the 4-hour chart, there is a retest of a previously broken resistance line in the channel, followed by a strong bullish movement and a change in character.(CHoCH)
I anticipate the market will continue to rise, with the next resistance level at 1.3048.
The daily chart shows a breakout of a resistance line in a wide horizontal channel, as well as a reversal in the trend.
On the 4-hour chart, there is a retest of a previously broken resistance line in the channel, followed by a strong bullish movement and a change in character.(CHoCH)
I anticipate the market will continue to rise, with the next resistance level at 1.3048.
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