DeGRAM | GBPUSD growth in the channel
GBPUSD is in an ascending channel above the trend lines.
The price is moving from the lower boundary of the channel, broke the upper trend line and is holding above the 62% retracement level.
The move above the $1.25 level was a strong argument to continue the upside and break the local downtrend structure.
We expect that after holding above the 62% retracement level, the chart will continue to rise towards $1.28, but it will be important to watch the pair's reaction to the upper channel boundary.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
The price is moving from the lower boundary of the channel, broke the upper trend line and is holding above the 62% retracement level.
The move above the $1.25 level was a strong argument to continue the upside and break the local downtrend structure.
We expect that after holding above the 62% retracement level, the chart will continue to rise towards $1.28, but it will be important to watch the pair's reaction to the upper channel boundary.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.