GBPUSD Upside Breakout

Started by OZER, Dec 13, 2021, 11:02 PM

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Dec 13, 2021, 11:02 PM Last Edit: Dec 14, 2021, 02:18 AM by OZER

GBPUSD has been dropping significantly in the past month and price was bouncing in a descending parallel channel .

Currently, the channel is broken to the upside and price has closed bullish candles outside the channel.

There is a resistance level at 1.3285 which is the last major high, and if price breaks this level to the upside and closes a bullish candle above it, we can expect more rise to the next resistance level around 1.3350

What is your side on GBPUSD for this week?
Feel free to share your ideas in the comments.

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