GBP/USD, beautiful channel formed. What's the next step?
As we can notice from the graph, a beautiful descending channel has been formed and the price is currently sitting on the lower boundary of it. We can see some signs of bullish movements around this area and we are pretty positive that the price will keep rising and reach the upper boundary of the channel. However, we have to take into consideration the major USD news that we have this week. If everything goes according to the plan, we will see some nice bullish movements on GBP/USD.
Happy trading, everyone!
Happy trading, everyone!
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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.