FX:GBPUSD   British Pound / U.S. Dollar
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.

Join My Telegram Channel:
t.me/Tradia_Channel

Follow My Instagram:
Mahtab_Tradia

My YouTube Channel:
youtube.com/channel/UCLVMX3VGgdo8d02jF99SihQ
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.