GBPUSD is revisiting the key level and here a reversal can form
Market Instrument: GBPUSD
Timeframe: D1
Analysis: Technical
Structure: Channel and Key Level
Prediction: Bullish
GBPUSD is on a bear trend following the key level highlighted. This level is very important on a daily timeframe as it has acted as a support and resistance in the chart. If the price remains stronger on bullish pressure after a visit to this highlighted key level we have the potential of seeing a start of a bull trend in the coming weeks...
Timeframe: D1
Analysis: Technical
Structure: Channel and Key Level
Prediction: Bullish
GBPUSD is on a bear trend following the key level highlighted. This level is very important on a daily timeframe as it has acted as a support and resistance in the chart. If the price remains stronger on bullish pressure after a visit to this highlighted key level we have the potential of seeing a start of a bull trend in the coming weeks...