GBPUSD was identified at around 1.29564 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.3137 level.
After testing the resistance line numerous times, GBPUSD is once again approaching this line. Can we expect a bullish trend to follow?
