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Candlestick_OB

Key levels converge for potential GBPUSD buying opportunity

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Paun British / Dolar A.S. (FX:GBPUSD)  
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FX:GBPUSD   Paun British / Dolar A.S.
Trend Analysis Chart Patterns Technical Indicators GBPUSD GBP USD britishpound pound signals
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trendanalysis chartpattern indicator gbpusd gbp usd britishpound pound signals
The GBPUSD has reached the upper edge of the upward price channel, showing rejection from above and overbought conditions on momentum indicators. I expect the price to retest the local resistance at 1.23953, which is also where a rising trendline meets a weekly resistance level and the 23.6% Fibonacci level. I will not challenge the trend and will wait for a buying opportunity from those areas.

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Idea Berkaitan

Candlestick_OB
GBPUSD expected to bounce off support levels
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