GBPUSD ! The emergence of bullish potential. Growing?🤩

٢٨ يوليو ٢٠٢٢

GBPUSD is exiting the descending channel upwards, thereby showing us that the channel boundary is being broken through. There is a strong level of 1.21615 on the chart, price is trading above it at the moment.

From the local low, 1.17650, the price went up, making a local uptrend channel, which is trying to show a bullish potential of the market.

I assume, if the price can consolidate above the support zone and above 1.21615, there are all chances to see the growth up to the short term target 1.23310.

Regards R.Linda!