GBPUSD - Pound Is Still in Power
Hi,
There is actually a 4H Channel which we can draw a channel line. You can see the clear channel on the big time frame.
However, To look for a movement, I am going to a smaller timeframe where we can see clear support and resistance. The breach will decide on the further trading action. As we received the result of the above average earnings result earlier of UK, I am going to expect that the bull for GBPUSD is still going to be in power.
Happy Trading!
There is actually a 4H Channel which we can draw a channel line. You can see the clear channel on the big time frame.
However, To look for a movement, I am going to a smaller timeframe where we can see clear support and resistance. The breach will decide on the further trading action. As we received the result of the above average earnings result earlier of UK, I am going to expect that the bull for GBPUSD is still going to be in power.
Happy Trading!
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