🇬🇧 GBPUSD 🇺🇸 - Correction within the ascending channel

18 בדצמ׳ 2023

The currency pair is forming a correction after a false break of the ascending channel resistance. The way is open to reach the lower boundary of the channel.
The fundamental background is favorable for the decline, as the news strengthens the dollar, which affects the pound sterling.

Suggested decline ↓:

1) false break of channel resistance
2) false break of 1.273 resistance
3) support retest
4) Consolidation before breakout
5) Correction phase