GBPUSD is in a strong uptrend. The price is again trading in the price channel and again confirms its boundaries
The chart shows the key element, the price channel and the level of 1.23442. Previously, the price made a false break-through of the channel resistance, returned to the range and could not break through it on the retest, now the level 1.2344 takes up all the pressure, should it break-down, correction stage may start and we might see the price fall to 1.2153 area.
I assume that the price may slightly retreat from the correction zone to the area of 1.215-1.210. I expect consolidation under 1.234 and formation of the entry point for the sale.
Great artist, not so much a great trader, no offense but you should not be giving signals...assessing market bias and direction from random lines you drew on your chart and expect to make money and claim you can guide people to becoming profitable with your telegram?? hahahaa absolutely hilarious!
FOREXN1
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Interesting view, we are Long here.
RLinda
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Hello traders! What do u think of GBPUSD?
Gold-Tech
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@RLinda, Good look at the market. Competent analysis.