DeGRAM | GBPUSD trend line testing

٢٠ ديسمبر ٢٠٢٤

GBPUSD is in a descending channel between the trend lines.

The chart still maintains the descending structure.

The price has already reached the lower boundary of the channel and the dynamic support, which has already acted as a rebound point last time.

MACD and RSI indicators on the 1H Timeframe indicate the formation of divergence.

We expect a rise if GBPUSD can successfully hold the lower trendline.

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