GBPUSD In Consolidation Range.

OANDA:GBPUSD   British Pound / U.S. Dollar
GBPUSD was trading in downside parallel channel pattern, after making the bottom it has given a breakout from the channel pattern. we think that price may consolidate until it break the resistance line as shown in chart because it has immediately tested the resistance line of channel pattern. one can with consideration of consolidate or wait for definite trend confirmation.

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Interesting chart