GBPUSD starts grow in channel

2020年11月3日

Since September, the price formed a small upward channel and moved in it.

Now the price has come to the support line (lower channel line).
The price bounced off of it and began to rise.
I expect the price to continue to rise. However, along the price path, we see another resistance line.
Therefore, now I expect the price to rise exactly to this line (not the channel line).
The target is the nearest resistance line.

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