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