Hello Traders! Here I present to you a very important remark in ForEx GBPUSD history: the 5 year bear channel finally broke to the upside! Interesting...
The double bottom of Pound/USD is finally confirmed! We can verify that with a breakout of the upper trendline, with a 75-month Simple Moving Average Restricting any movements below it.
Now, where do prices go? The first immediate resistance is the 1.437 resistance. When broken, the next strong resistance is at 1.47.
GBPUSD... it is time! Good luck guys, have a good day!
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