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GBP/USD Time for a Retracement?

British Pound / U.S. Dollar (FX:GBPUSD)  
ThinkingAntsOk  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance Multiple Time Frame Analysis GBP USD GBPUSD Bullish Patterns Bearish Patterns setup analysis
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trendanalysis supportandresistance mtfa gbp usd gbpusd bullish bearish setup analysis
🔸DAILY CHART EXPLANATION:
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🔸Price is on a strong uptrend.
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🔸It is facing the Resistance Zone.
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🔸In case of a breakout to the upside, it has potential to reach the Weekly Descending Trendline, but, if it bounces, then we may see a retracement towards the Ascending Trendline.
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🔸 Will look for a lower timeframe setup.

🔸WEEKLY CHART ANALYSIS:

snapshot

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