GBP/USD Heading for New Highs

3 日前

My chart shows that GBP/USD is forming an ascending channel, with successively higher highs and higher lows, a positive sign that the uptrend could continue. The 34-day and 89-day moving averages (EMAs) are supporting this trend, with the 34-day EMA above the 89-day EMA, indicating short-term optimism. I observe that the price is approaching the top of the channel, which could lead to a minor correction before continuing the upward momentum. My next target for GBP/USD is above the nearest resistance level, if it can sustain the upward momentum and break above the current resistance levels.