๐ฑGBPUSD - Rising channel. Is growth to 1.29000 possible?
GBPUSD forms a rebound from 1.26525 support and forms a local counter-trend correction
TA on the high timeframe:
1) Price in the range of 1.28484 - 1.26525
2) After a false breakdown of support there is a potential for strengthening to resistance
TA on the low timeframe
1) A local bullish channel is formed
2) Price consolidates at support and forms a retest of resistance
3) Within the up-trend, the retest of 1.27836 may form a breakout and growth to 1.29000.
Key support๐: 1.27155
Key resistance๐: 1.27836
TA on the high timeframe:
1) Price in the range of 1.28484 - 1.26525
2) After a false breakdown of support there is a potential for strengthening to resistance
TA on the low timeframe
1) A local bullish channel is formed
2) Price consolidates at support and forms a retest of resistance
3) Within the up-trend, the retest of 1.27836 may form a breakout and growth to 1.29000.
Key support๐: 1.27155
Key resistance๐: 1.27836
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