GBPUSD is currently trading within an ascending parallel channel. Previously, we managed to breakout of the descending trendline and a pullback to retest it is expected. Furtheremore, the 0.618 Fib retracement level, appears to correspond well within the trendline location, as well as the outlined historical S/R area.
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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.