GBPUSD
D1\H4 - The price corrected to the lower border of the channel last week. While the price is in the channel, you can try to consider intraday movements from the border.
H4 - Locally, the price is moving in an ascending channel, and the corrective movement may continue in this range to the level of 1.24750. For purchases, it is better to wait for the price to fix at the level of 1.22475 or for the price to decline to the lower border of the channel (1.21850).
To consider selling and continuing the downward movement, it is better to wait for the channel level (1.21525) to be fixed and a retest. with targets up to 1.20670
What to expect now?
You can consider entering from fixation at the level of 1.22475 with a small risk on the idea with a target of 1.24750
It is better not to take increased risks; a local correction is being traded. Cancel an idea when assigned to a channel level.(1.062)
Long
Targets 1.22360 - 1.24000 - 1.24750 - 1.25730
D1\H4 - The price corrected to the lower border of the channel last week. While the price is in the channel, you can try to consider intraday movements from the border.
H4 - Locally, the price is moving in an ascending channel, and the corrective movement may continue in this range to the level of 1.24750. For purchases, it is better to wait for the price to fix at the level of 1.22475 or for the price to decline to the lower border of the channel (1.21850).
To consider selling and continuing the downward movement, it is better to wait for the channel level (1.21525) to be fixed and a retest. with targets up to 1.20670
What to expect now?
You can consider entering from fixation at the level of 1.22475 with a small risk on the idea with a target of 1.24750
It is better not to take increased risks; a local correction is being traded. Cancel an idea when assigned to a channel level.(1.062)
Long
Targets 1.22360 - 1.24000 - 1.24750 - 1.25730