Skandhatrade

#GBPUSD waiting for a channel breakout

Long
FX:GBPUSD   British Pound / U.S. Dollar
#GBPUSD Price is trading the channel once break out the channel it will go for the next level resistance and waiting for any bullish candlestick formation and watch the next candle close above the previous candle

Why we like it:
Price Trading the channel
moving to the next resistance area
waiting for bullish candlestick confirmation


1st support:
1.37883
Next Zone area & horizontal swing Low support


1st Resistance
1.39363
Zone area & horizontal swing high resistance

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.