British Pound / U.S. Dollar
Long
Updated

DeGRAM | GBPUSD double bottom

278
GBPUSD is moving under an ascending channel between the trend lines.

The structure of the uptrend is not broken.

The price has reached the dynamic support and is still near the support level, which coincides with the correction level.

When trying to test the support, the chart formed a double bottom.

We expect the price to bounce off the support.

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Trade closed: target reached
GBPUSD has successfully reached our target.

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