Market Instrument: GBPUSD
Timeframe: D1
Analysis: Technical
Structure: Key Level, Breakout and Descending Channel
Prediction: Bullish
From last week I was looking for this breakout to form on both the key level and the descending channel. So here we can identify the confirmation which the price has provided already. If this bullish sentiment remains stronger with the GU pair after this pull back a strong reversal and continuation in the bull ride may be seen. This expected bull ride can extent this bullish trend close to or above 1.3995
Timeframe: D1
Analysis: Technical
Structure: Key Level, Breakout and Descending Channel
Prediction: Bullish
From last week I was looking for this breakout to form on both the key level and the descending channel. So here we can identify the confirmation which the price has provided already. If this bullish sentiment remains stronger with the GU pair after this pull back a strong reversal and continuation in the bull ride may be seen. This expected bull ride can extent this bullish trend close to or above 1.3995