DeGRAM | GBPUSD rebound in the channel
GBPUSD is moving in a descending channel between the trend lines.
Price is moving from the lower boundary of the channel and dynamic support, and is now above the 50% retracement level of the rebound correction.
The chart is maintaining a downward structure.
At the current moment, the pair's chart looks bearish, but is clearly preparing for a reversal, for which a rising bottom is yet to be formed.
We expect the rebound to continue if GBPUSD forms a rising bottom and consolidates above the 50% retracement level.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
Price is moving from the lower boundary of the channel and dynamic support, and is now above the 50% retracement level of the rebound correction.
The chart is maintaining a downward structure.
At the current moment, the pair's chart looks bearish, but is clearly preparing for a reversal, for which a rising bottom is yet to be formed.
We expect the rebound to continue if GBPUSD forms a rising bottom and consolidates above the 50% retracement level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.