GBPUSD NEAR THE CHANNEL RESISTANCE!!!

MARKET ANALYSIS: The pair is now trading inside a downward channel. The pair has reached the channel resistance level. If the channel resistance breaks out we can see a further uptrend towards the next possible resistance level zone.

Alternate scenario: If resistance holds on we can see a downfall to the next channel support level. So lets wait and see what the market does in the coming days. Cheers!

Trade active:

Trade closed: target reached