GBP/USD Price Outlook| Price at the top of the rising channel
Driven by US dollar weakness, GBP/USD spiked up at the end of Friday's
trading session.
At the moment the price is probing the resistance of the rising price
channel. So, there could be a pullback soon.
Besides, brexit deal deadlock will also impact the Pound negatively.
So, if there is bearish price action at the channel resistance, then
it would be a good idea to sell GBP/USD and target the channel support
at 1.2930 as initial TP.
trading session.
At the moment the price is probing the resistance of the rising price
channel. So, there could be a pullback soon.
Besides, brexit deal deadlock will also impact the Pound negatively.
So, if there is bearish price action at the channel resistance, then
it would be a good idea to sell GBP/USD and target the channel support
at 1.2930 as initial TP.
Trade active
Sold at 1.3053
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.
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.