GbpUsd- Preparing for reversal

Updated
As I mentioned last week, I’m closely monitoring the GBP/USD pair for a potential upside reversal.
This expectation is based on the recent overlapping decline, which is contained within a channel, as well as the proximity to a significant support level.

In recent days, the pair hit a local low of 1.2912 before reversing toward 1.3000 and beginning a consolidation phase.
I believe it’s only a matter of time before GBP/USD clears the 1.3000 mark, potentially accelerating toward a target around 1.3150.
Trade active
GbpUsd reversed perfectly today and after a sniper entry, now is running with 70 pips profit
snapshot
Trade closed manually
Closed on break even
Chart PatternsGBPUSDgbpusdanalysisgbpusd_forecastgbpusdsignalgbpusdtradeTechnical IndicatorssignalprovidersignalssignalserviceTrend Lines

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Also on:

Disclaimer