Hello fellow traders!
This is my take on GBPUSD. The pair is on a solid Uptrend at the moment. It seems that it is gaining and the downtrend is reversing probably to retest the monthly and weekly support that was previously broken. ON H1, GBPUSD is on a descending channel, the price has just bounced off the lower trendline, and thus am anticipating the price to rise to the past1.15500 region.
This is my take on GBPUSD. The pair is on a solid Uptrend at the moment. It seems that it is gaining and the downtrend is reversing probably to retest the monthly and weekly support that was previously broken. ON H1, GBPUSD is on a descending channel, the price has just bounced off the lower trendline, and thus am anticipating the price to rise to the past1.15500 region.