GBP/USD Price channel analysis, will it reach 1.2450?
Dear traders, we can see the formation of a rising channel
in GBP/USD in the 4Hour chart. If you see the chart, we can see that
there is a big bearish impulsive candle after touching the upper trend
line of the rising channel.
So, if this set up holds, expect GBP/USD to fall further and reach 1.2450.
Therefore, sellers can take advantage of this and consider potential
short trades in GBP/USD
in GBP/USD in the 4Hour chart. If you see the chart, we can see that
there is a big bearish impulsive candle after touching the upper trend
line of the rising channel.
So, if this set up holds, expect GBP/USD to fall further and reach 1.2450.
Therefore, sellers can take advantage of this and consider potential
short trades in GBP/USD
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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.
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.