Recently, the GBP/USD pair has been trading sideways at the price of 1.2630. According to the H4 time frame, I found the breakout of the upward channel, which is a sign that sellers are in control. I also found the false breakout of the resistance at the price of 1.2684, which is a sign that buyers have got trapped. Monitor selling opportunities. The downward target is set at the price of 1.2530.
The material has been provided by InstaForex Company – www.instaforex.com
Recently, the GBP/USD pair has been trading sideways at the price of 1.2630. According to the H4 time frame, I found the breakout of the upward channel, which is a sign that sellers are in control. I also found the false breakout of the resistance at the price of 1.2684, which is a sign that buyers have got trapped. Monitor selling opportunities. The downward target is set at the price of 1.2530.
The material has been provided by InstaForex Company – www.instaforex.com
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