British Pound / U.S. Dollar
Long
Updated

DeGRAM | GBPUSD testing of the channel

1204
GBPUSD is under an ascending channel between the trend lines.

The price has reached the lower boundary of the channel and 62% retracement level.

Indicators on small timeframes indicate oversold.

We expect the growth to continue after the retest of the channel boundary is completed with a potential reaching of dynamic support.

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Trade closed: target reached
Closed +78 PIPS

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