British Pound / U.S. Dollar
Long
Updated

DeGRAM | GBPUSD rebound from strong support

400
GBPUSD is moving in an ascending channel between the trend lines.

The price reached the lower boundary of the channel, bounced and is back above the dynamic support.

The chart also touched the support level, which has acted as a pivot point four times recently.

We expect the rebound to continue with a possible retest of the dynamic support.

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Trade closed: target reached

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