GBPUSD: Bullish Reversal Confirmed
The GBPUSD is displaying a bullish trend on both the daily and intraday charts. The daily chart indicates a breakout above a resistance line within a broad horizontal channel, signaling a trend reversal.
On the 4-hour chart, a retest of the previously broken resistance line within the channel is evident, followed by a strong bullish move and a change in character (CHoCH).
I expect the market to continue its upward momentum, with the next resistance target at 1.3048.
On the 4-hour chart, a retest of the previously broken resistance line within the channel is evident, followed by a strong bullish move and a change in character (CHoCH).
I expect the market to continue its upward momentum, with the next resistance target at 1.3048.
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