GBPUSD Raising channel with cup & handle
Updated
GBPUSD is in very nice channel with a possible cup & handle formation that support continuation of the uptrend which could lead to new high.
Comment
It played excellent. Target has been reached and new high has been established. Waiting now for price to reach the top line of the nice channel around 3365 - 3385. Then we search for another opportunity. Hope this was helpful. Your comments and like will highly be appreciated. ThanksComment
Price has reached the looking for range of 3365-3385 establishing a new high and touching the top ling of the channel. any short position today should be carefully studied with stop above the closing high of the hour just ended.
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