YMGroup

GBP/USD can break the resistance line of channel and rise

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Hello to the TradingView community and my followers, please, if you like ideas, don't forget to support them with likes and comments, thank you so much and we'll get started.

Today, I want to talk to you about the GBP/USD chart.

On the chart, we can see how the price formed an upward channel.

The price can form an upward impulse and break through the resistance line.

I expect that after a possible breakdown of the resistance line, the price can continue to rise.

In this case, after the weekend, the price can continue to grow.

Therefore, I set the target at level 1.2500.

This is my opinion, I really hope it will be useful for you.
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.