Alexander_Harford

GBP/USD ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡บ๐Ÿ‡ธ to decline and bounce from the local level

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
GBP/USD ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡บ๐Ÿ‡ธ is rising in the Upward channel. The price has recently been rejected by the Resistance of the channel and with the following deep decline and bounce from the support. The Stochastic together with Kumo Clouds (that lying below the price) suggest that the pair won't rise above the midline this time. Thus I expect the price to bounce from the local level of 1.33020.

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