GBPUSD is in a bullish trend which has formed a bullish parallel continuation channel. The USD index is currently in bearish trend and GBP index is in bullish trend. It indicates that the price is likely to continue upwards. We can take buy limit entry at the 0.382 fib level to get benefit of a good setup.
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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.