GBPUSD channel and scenario

16 בדצמ׳ 2020

GBPUSD established a nice channel. Price now is in the middle of this channel. We have two scenarios. First scenario is a bullish one which will take the price to touch the roof of the channel at 3580- 3600 level which will result in more bearish pressure to force the price down to 3330 – 3300 level. The second scenario is bearish which will force the price to go south to visit 3330 – 3300 level from the current level of 3520. Let us see your expectations and comments for which scenario is more likely to happen.