Flazedude
Long

GBPUSD long opportunity

FX:GBPUSD   British Pound / U.S. Dollar
38 0 2
We are expecting GBP to follow along this uptrend channel which it established on the 1-4 hour chart.

From top down, we see that on daily, it's actually in a ranging motion and it's right now in the middle of the ranging channel, which is not wise to make any trading decisions, it could go both ways at this point.

However, close up analysis I deduced that it could continue it's upward channel, but I will be paying close attention to price action. Should it breaks out the channel, then either it will retrace to 1.29874, or it would hit 1.28654 again. Price action
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