GBPUSD has been dropping significantly in the past month and price was bouncing in a descending parallel channel.
Currently, the channel is broken to the upside and price has closed bullish candles outside the channel.
There is a resistance level at 1.3285 which is the last major high, and if price breaks this level to the upside and closes a bullish candle above it, we can expect more rise to the next resistance level around 1.3350
What is your side on GBPUSD for this week?
Feel free to share your ideas in the comments.
Currently, the channel is broken to the upside and price has closed bullish candles outside the channel.
There is a resistance level at 1.3285 which is the last major high, and if price breaks this level to the upside and closes a bullish candle above it, we can expect more rise to the next resistance level around 1.3350
What is your side on GBPUSD for this week?
Feel free to share your ideas in the comments.
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